It’s insurance cover for investment property owners who are renting out a unit/apartment or a home within a community association to tenants. It provides cover for accidental loss or damage to contents in your unit from insured events such as fire, flood or storms. It covers items such as carpets, light fixtures and fittings as well as loss of rent if the unit is unfit to be occupied. Additionally, it covers you and your investment property for malicious damage to contents/buildings caused by tenants and/or their guests.