Landlord insurance - should you have it on your property?

I think there is more of it we should talk about from this side of things, that is very important. All of my property every single property that I own has got landlord insurance, except the property that I live in. But every property I own, have got a landlord insurance and the reason being is that:

This can go wrong with your investing, I am a financial adviser, I have to watch out for the same. You have to speak to someone that is qualify for insurance. I am talking to you today from my own personal experience and from things that I have experienced myself they have affect people in the market place.

For me there is a large portfolio, nothing runs 100% smoothly. I have got the best project manager in place, I have got the best adviser in place. However, things do go wrong sometimes with tenants, could be something simple as tripping over, using finger to open the door, it could be anything and if you are left liability for those such of things can cost you $100000 or even $1000000 over that to help someone out from complains and compensation client, in your property. It’s very important that you have landlord insurance. Most policy do have like $10000000 - $20000000 worth of public liability. If something does go wrong, you should be protected; there is something to check with your insurance provider as from prospective of tenant scolding your property. It’s very important to read the fine print of the policy.

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