Landlord insurance may cover risks such as building damage, landlord-owned contents, legal liability and loss of rental income after an insured event, depending on the policy. Standard home insurance often does not cover a property used as a rental, while tenant damage, rent arrears and malicious damage may have specific limits or exclusions. Cover and premiums vary between insurers, so read the Product Disclosure Statement carefully and check conditions such as regular inspections and tenant screening. An insurer or licensed insurance broker can explain which cover suits your property and circumstances.