Owning an investment property can be a rewarding way to build long-term wealth, but it also comes with financial risks that many landlords underestimate. From tenant-related damage to unexpected legal claims and rental income loss, a single incident can quickly become an expensive setback. That's where landlord insurance becomes an essential part of protecting your investment. Unlike standard homeowners insurance, landlord insurance is designed specifically for rental properties and the unique risks they face. Understanding what it covers can help property owners make informed decisions and avoid unnecessary financial stress.