Landlord insurance can cover risks such as damage to the building, loss of rental income, landlord-owned contents and some legal liability, but cover varies between policies. Check the Product Disclosure Statement for limits, excesses and exclusions, including damage caused by tenants, rent arrears, deliberate damage and periods when the property is vacant. You may also need to meet requirements such as regular inspections, written leases and adequate security to support a claim. Compare policies carefully and ask the insurer or a licensed insurance professional how the cover would apply to your property and tenancy.