What is landlord insurance? How coverage could play into a squatter situation

Landlord insurance usually doesn’t cover costs related to squatter situations, but Proper Insurance has created a unique type of coverage specifically for property owners dealing with renters who refuse to leave once their lease is up. This coverage includes legal expenses, loss of revenue, and property damage caused by squatters. Traditional landlord insurance covers property damage, lost rental income, and liability protection. Proper Insurance’s squatter coverage is designed for short- and mid-term rentals and came about during the COVID pandemic when longer stays became more common. This coverage is available at an additional premium and provides peace of mind for property owners in case of a squatter situation.