Large and small American investors are taking advantage of the current residential trends and are seizing the opportunity to expand their portfolios. Buying, renovating, and renting residential properties is becoming a mainstream alternative to traditional ways of earning income. As an investor, a traditional home owners policy may not provide enough protection to safeguard your assets; especially if the property is vacant. Understanding property and liability insurance coverages is a critical component for anyone that invests in rental real estate properties because it can dictate your business’ overall success and protect your valuable investment.