Tenant VS. Landlord

Many tenants and landlords may be confused as to who covers what or how and what they can collect if either party suffers a loss. Right now you are probably saying, "What the heck are you talking about?!?" Insurance like real estate is a very complex and misunderstood industry.  Most people who are renting their home from someone else my have little or no experience with insurance or may have never needed to make a claim so they are unaware as to what is covered by a  landlords insurance policy or a renters insurance policy.
 
Both parties should have their own insurance policy to protect their own interests. Having an insurance policy is like having an attorney on retainer and someone to pay for the damages if you are found to be at fault. The insurance policy will defend your rights, and pay to repair what you lost. Hopefully we can put together some information that can be helpful to the tenant and the landlord when thinking about what insurance to buy. For more detailed information on coverages like loss of use or loss of rents, please visit our blog at http://blog.mylandlordinsurance.com to read our complete post.