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Why You Need Landlord Insurance

As a landlord, your property is a significant investment that requires protection from unforeseen events. For instance, if a fire damages your rental property, landlord insurance can cover the cost of repairs, ensuring that your investment remains secure. Additionally, if a tenant is injured on your property and decides to sue, liability coverage can help cover legal fees and potential settlements, saving you from financial distress. Without this insurance, landlords might face substantial out-of-pocket expenses that could jeopardize their financial stability.