After deciding that you will pursue real estate as an investment, you need to choose if you will start with a residential or commercial rental property. Understanding the difference is important when purchasing insurance.
A standard commercial renter insurance policy is more commonly referred to as property insurance. It protects the equipment, machinery, inventory, and furnishings in a business space rented or leased from someone else. Because businesses face many of the same risks that homeowners do, even if you don't own the actual structure, you need to protect the physical assets of the business against fire, smoke, theft, vandalism, and water damage not caused by a flood.