Landlords Insurance

Landlord insurance is a policy that covers you for when you’re letting out your property to tenants. Policies for Landlord Insurance for the building and contents often includes: Loss or damage to your property arising as a result of fire, storm, flood, falling trees, theft, malicious acts or vandalism.

It can also cover you for loss of rent or provision of alternative accommodation for your tenant following damage caused by an insured event (such as those listed above).

Landlord Insurance also covers your legal liability as the owner of the building for causing injury to others or for damage to their property as well as Home Emergency Cover- for call outs and repairs in the event of an emergency.

Contents Cover is often only available in circumstances where the building is tied to another insurer- for example in the case of a leasehold flat.

Additional Cover Options

You can often tailor your policy with optional cover. Such optional cover might include accidental damage and malicious damage by tenants to cover you for incidents such as banging a nail through a pipe or putting a foot through the ceiling while in the loft. It can also cover you in the event of malicious damage by your tenants.

In addition to this- some policies offer optional cover for accidental or malicious damage to the contents of your property.

Landlord Insurance can also be there to help you with legal expenses. Examples of this include legal expenses, rent guarantee and eviction of squatters. This can also cover you for irrecoverable costs and fees to pursue or defend claims involving breach of tenancy agreement and unpaid rent.

It’s important to note that Landlord Insurance is designed to cover certain unforeseen events and doesn’t necessarily cover everything. For example it does not cover things like general wear and tear in your property, as well as gradual damage over a period of time. Claims also incur an excess.