Landlord's insurance, although not necessary, is highly recommended for your peace of mind. 

We are stringent with our application checks and make every effort to secure the highest quality tenant however unfortunately we have no means to guarantee a tenant’s circumstance do not change during their tenancy. We therefore encourage our landlords to have insurance should any unforeseen issues occur. 

Please consult with a landlord insurance specialist to choose the best product for you. AON and Terri Sheer are 2 companies that have been popular choices with other landlords.