Those who own rental properties want to make sure they have adequate buildings insurance for landlords to cover liability and property damage. Certainly, problems can occur even if the landlord acts carefully in most cases. The occupants renting your property may seek compensation from injuries they suffer which can be attributed to your property or for wrongfully evicting them.Basically, the appraised property value will be the main factor to determine the amount of coverage. Be sure to include any detached buildings, such as garages, storage sheds and others. You can find policies that cover actual value as well as those that cover replacement value.It is also important to take into account coverage for lost of rental income due to damages to property arising from natural disasters or when tenants fail or refuse to pay the rent. When it comes to liability coverage meanwhile, this will give you protection in events when tenants sue for wrongful eviction or injuries connected with a poorly maintained property. They can seek compensation for medical care, lost wages and other physical pain they may suffer.