You rent out your property either as a tax efficient private investment or to generate income.
The rental periods are either short term (< 3 months) or long term.
You don't think you need personal insurance - well this is where you are wrong !
- The tenant's insurance does not cover the Non-Occupying Landlord's Third-Party Liability,
- The owner is liable for any material or immaterial bodily injury caused to the tenants,
- If the property is not insured correctly you run the risk of losing your capital investment.