Landlord insurance confusion

[Ruchik Gandhi]

I am about to close on my first rental condo which is currently vacant and am shopping around for insurances. I am confused with the landlord condo insurance. The insurance agent tells me that if the condo is vacant (eg. while finding first tenants or while in-between tenants), the landlord policy will not cover the condo if an event happens at the condo (eg fire or other peril). Is that true? If so, do I need to get two separate insurances, a homeowner insurance and a landlord insurance?