From Rentometer.com:

Whether you are renting a vacation home to travelers or a group of apartments in a building, a rental property insurance policy is essential. This type of insurance protects your business and your property in case of disaster, from floods to hurricanes to theft.

Before you finalize the purchase of a rental property insurance policy, however, it is important to understand exactly what it covers, how you can file a claim, what you will recover from damages and whether there are any restrictions. This will keep you from being surprised should you ever have to file a claim.

Learn what to look for in a rental property insurance policy.