Which insurance type is specifically designed for protecting rental property?

Landlord insurance is specifically designed to protect rental property and the interests of the property owner. This type of insurance typically covers the physical structure of the rental property, as well as liability protection in case a tenant or visitor is injured on the property. It also often includes coverage for lost rental income should the property become uninhabitable due to a covered event, such as fire or significant damage.

Homeowners insurance is intended for owner-occupied residences, making it unsuitable for properties that are rented out. Renters insurance is designed to protect individuals who are renting a home or apartment, covering their personal belongings and liability, but it does not cover the physical structure itself or the landlord’s responsibilities. Personal liability insurance is a broader coverage that protects individuals from claims resulting from injuries and damage to others, but it does not specifically address the unique needs of rental properties or the landlord's responsibilities. Therefore, landlord insurance is the most appropriate choice for protecting rental property.