Landlord Policy - verify that the insurance company knows it is a rental property, and that you are a landlord. They may have special clauses that must be included to make sure you get the best possible coverage.
Liability Coverage - verify that you have liability insurance in case your tenants slip and break a bone or more. They might sue you for medical bills, lost income, or “mental stress”.
Flood Rider - have a Flood Policy Rider if the property is in a flood zone.
Personal Umbrella Policy - consider obtaining a separate policy called an “Umbrella Policy”, which covers YOU and all your assets. It is a separate policy that goes above and beyond all your other policies. If you have multiple properties, get an Umbrella Policy for 1-5 million dollars (depending on your assets). A policy like this might only cost you around $200-$500 year. If any of your other policies do not cover any or all your damages, the Umbrella Policy picks up the slack. It is a sure-fire way to make sure you tenants do not cause you to go bankrupt or lose your personal home.