Oh no, your tenant has run off! And what’s worse… outstanding bills because your tenant didn’t pay! Does the deposit even cover it all? Where can I report this? Can leasing get any worse?
As a landlord, you will need a specific protection for the unit you are renting out. Apart from the same coverage that your get from your normal housing insurance, a landlord insurance would cover some other things:
Of course, if given the chance, most landlords would choose deposit. Why? Because deposits are tangible. They're there. They're usable, not fussy and hassle-free.