Being a landlord involves establishing a system of trust between the landlord and the tenant, which will be a system on which even the landlords house insurance will depend.
If you own a house and are renting it out to people there is a large system of trust that must operate between you and your tenants - a system that should cover many aspects of the shared ownership and use of the building and its contents.
Most importantly this trust will extend into how you deal will the matter of any damages that the building or its contents might suffer.
Mostly, the landlord rents the house unfurnished so that the contents of the building are owned by the tenant.
This makes it easier to deal will situations where any damage is wrought to the contents - as is most likely to happen over and above any damage wrought to the building, which is less probable.
This is so because the person who is most likely to cause any damage to the contents of the building is the person who uses them most - specifically the tenant - and he or she should take care of his or her belongings.
This is why a basic landlords house insurance plan will only cover the building and not its contents - this means it will cover the structural parts of the house like the windows, doors and walls - which are part of the architectural structure of the building - but not the furniture or the accessories contained within the building like the carpets or the chairs and tables.
If the landlords house insurance plan needs to include any of the contents of the building - extra clauses must be added to the basic coverage plan.
Moreover, the addition of contents to the coverage plan means that the insurance costs become higher.
The landlords house insurance is different from the insurance policy that a person who both owns and lives in the house insures himself with because the insurer is not directly responsible for the damages that the agency will have to pay for.
The agency must trust in the trust the landlord has for his or her tenant - and this relationship is indirect and complicates the insurance policy somewhat.
Usually, landlords house insurance covers damages that the tenant could not help causing but not damages that the tenant caused because of his or her actions.
This is because the landlords house insurance takes into account that the landlord has trust in his or her tenant, which makes the actions of the tenant the landlord's responsibility.
For example, if the tenant has a party and his or her invited guests break the windows, the costs will not be covered by the insurance agency.
However, if random people gatecrash the party and cause the building to be damaged, the insurance agency will pay the costs, as the incident was not the fault of the tenant or the responsibility of the landlord.
Finding affordable -and yet dependable - house insurance for landlords is not very difficult.
There are plenty of insurance quotes online that one can compare and research on before finally choosing the right insurance company and coverage plan.