Landlord insurance is here to safeguard your investment, whether your property is owner occupied or otherwise. This specially designed variety of insurance is made for landlords and is quite different from property owners insurance. This is in particular due to the fact that most property owners insurance policies do not cover owner-occupied rentals.
Some policies offer even more comprehensive coverage that assists in the recovery of rental income should tenants be removed from the premises due to non-payment or other reasons. This extra coverage ensures you are compensated for monthly rental income losses and from losses associated with the repair of damages. This coverage is invaluable if you have to evict tenants or recover funds if the tenants move out after a period of non-payment of rent. This coverage is especially paramount if you derive your main source of income from renting.