Landlord Insurance (Dwelling Fire Policy)
Specialized insurance for property owners who rent out their homes, providing coverage for the building, liability, and potential lost rental income.
Detailed Explanation
Unlike standard homeowners insurance, landlord policies (often called dwelling fire or DP policies) cover property you don't occupy personally. They typically provide less contents coverage but include protection for lost rental income if the property becomes uninhabitable due to a covered loss.
Practical Example
When a severe storm damaged the roof of Robert's rental property, his landlord insurance covered the repairs and reimbursed him for three months of lost rental income while the property was being restored.
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