A landlord liability policy helps pay for another person's injuries or damage that may occur at the rental property. If a landlord is found to be negligent, fees can be quite costly to cover medical expenses, legal fees, loss of wages, and personal property damage.
Liability Claim Example
If a landlord was aware of a broken fixture that was potentially hazardous, but failed to fix it, he may be held liable for tenant injuries and personal property damage if it resulted in a fire.
What if a visitor is injured at the rental property?
Landlord liability policies usually cover any friends, family, and guests visiting a rental property should there be an accident resulting in personal injury or property damage.