Landlord insurance is taken out since regular home insurance tends not to cover rental properties. This means that where a property is being rented out, even to the members of one's own family, it is advisable to have the appropriate insurance policy. Where the landlord does not live with their tenants, this policy is likely to be landlord insurance.
A landlord has legal responsibilities such as carrying out annual gas safety checks and structural repairs, even if they are related to the tenants.