Man I just re-read what I wrote above, didn't mean to sound negative. Just pointing out that when dealing with tenants, and contractors etc, who are going to be on your property it's best to cover your rear end as much as possible.
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Hi Kirby, you are correct about the necessary insurances to cover all things related to an investment property. I haven't included any of that advice in my post, but the general ones that would be recommended are public liability, building and contents insurance and landlord insurance. All of those are also a taxable deduction. Thanks for raising this.