A landlord insurance guide should explain cover for the rental property, landlord-owned contents, legal liability and possible loss of rent. Policies can differ on events such as tenant damage, rent default, malicious damage, building repairs and temporary accommodation, so check the exclusions, excesses and claim limits carefully. Standard home insurance may not cover risks linked to renting out a property, and some insurers require property management or tenancy arrangements to meet specific conditions. Compare the product disclosure statement and confirm details with the insurer or a licensed insurance professional before deciding.