Landlords insurance doesen't cover everything.
Landlords insurance protects a rental property from accidental and sudden losses. However,
there are some losses that aren't covered.
Breakdowns in the rental property.
Most landlords insurance does not cover basic maintenance repairs. For example, if your
water heater cracks, your coverage most likely will not help to replace the water heater. (But it
might help pay for the damage to your floors.)
The items owned by your tenants, such as their clothing, electronics and other personal
possessions, aren't covered under most landlords insurance policies. You may want to
recommend that your tenants purchase Allstate® Renters Insurance to cover their belongings
in case of a loss.
Also, damage due to vandalism caused by a tenant is not typically covered by the Landlords
Package Policy, unless you purchase additional Vandalism coverage, and the damage is
within the policy limit.
Floods, earthquakes and water backup.
Typically, floods, earthquakes and water (sewer) backups are excluded from most landlords