In all likelihood, if you are renting out your property, your existing homeowner’s policy will not cover you.
Landlords’ insurance is an insurance policy that covers a property owner from financial losses connected with rental properties. The policy covers the building, with the option of insuring any contents that belong to the landlord that are inside. The policy will normally cover standard perils such as fire, lightning, explosion, storm, or theft and malicious damage. Landlords’ insurance policies do not cover any personal property belonging to tenants, or otherwise protect the interest of tenants; although a liability policy protecting a landlord or property manager will be of benefit to tenants should they incur a loss for which the landlord is responsible. Landlords should make sure that their tenants are required to purchase renter’s insurance.