If you are a real estate investor, your Florida rental property is not protected from fire damage through your homeowners' insurance policy. That is why it is essential to invest in a dwelling fire insurance policy.
Dwelling fire insurance protects rental property, its foundation, and interior from fire damage. Coverage may also include associated property, such as gazeboes, unattached garages, barns, etc. In some cases, dwelling fire insurance also protects you against liability claims.
Dwelling fire insurance policies cover homes and structures that are not occupied by the owner. However, it is important to note that most swelling fire insurance policies do not cover personal property because the policy holder is not an occupant of the home.
If a fire were to leave your rental property inhabitable, a dwelling fire insurance policy could cover up to one year's rent for the vacancy.