Landlord insurance can cover risks that standard home insurance may not, such as tenant-related damage, loss of rent, legal liability and building repairs. Policies differ, so check whether you need building cover, landlord contents cover, or both, and read limits, excesses and exclusions in the Product Disclosure Statement (PDS). You may also need to meet conditions about tenant screening, inspections, smoke alarms and fixing maintenance issues promptly. Compare policies carefully and consider speaking with an insurer or licensed insurance broker about your property and circumstances.