Your building will be covered for named perils. It will be protected in the event of fire, lightning, windstorms, water main break and hail.
You can add an option to cover any furniture you provide to tenants. Whether your properties are semi-furnished or fully furnished, this coverage will prevent you from having to start from scratch in the event of a total loss. Breaking and entering may also be covered under certain conditions.
As you might not be able to guarantee the safety of your income property on a daily basis, civil liability insurance will protect you in the event of bodily injury to your tenants or their guests. Civil responsibility also covers material damage for which you may be liable as the building owner.
The income you earn from your income property must be protected. Basic coverage insures rental income for up to 10% of the amount covering the building, without you needing to increase your coverage. If you wish to cover the full value of the building and all rental income, you can do so by adding an option.