Being a landlord is a tough task, getting insurance for your student rental property shouldn't be. There are specific coverages for landlords of student rental properties. Landlords should know that the policy covering their student rental differs from the typical homeowner's policy. Depending on where you live and where you are insured, a diligent landlord should speak with their insurance broker to find out what the differences are. When insuring your student rental, the landlord should find specific features offered by the insuring company. Some features the policy should include are rental income replacement coverage. For an added nominal cost, rental income replacement coverage covers the income from the property if there is a loss from an insured peril. This will usually be allowed for 1 year or until the property is restored whichever is sooner but may differ company to company. The policy should also cover appliances that the landlord owns in the property, but not the student's contents. Sewer backup coverage is also a critical coverage to include in case of sewer backup which could be a devastating loss. Other features that a landlord's insurance company should offer are liability limits up to five million. For entrepreneur landlords with more than one property, there should be the option to have multiple properties on one policy, which not ever company allows. The insuring company should also be willing to accept different type of student rentals, such as residential homes, student condos and student town homes. Another feature that is very helpful is the monthly payment option which can make it easier to pay for your insurance. A responsible landlord should also consider making strict but comfortable policies for residents in the house. Policies can include having signed rental agreements for the length and term living at the house. As well as, no smoking policies, not having any pets or having any parties. Also it is important that the landlord regularly visit the property especially if the students are away for the summer. This could ensure regular maintenance is being performed by you and the residents. Student rental house insurance is a very important consideration for a landlord and if your property is mortgaged, chances are it is mandatory. Speaking with an insurance broker who can offer you multiple rates is important, as they do not only offer you prices they offer advice to. The advice offered by an insurance broker can go beyond your rental property and can include advice for your other insurance as well such as car, home and boat.