Landlord Insurance
If you have a buy-to-let property that you rent out, it’s vital you protect your investment with landlord insurance. Letting a residential property means your investment is in the hands of tenants whom you entrust to ensure the property is maintained and well looked after on a day-to-day basis. Landlord insurance can help protect you for any costs arising due to a peril occurring.
Different policies are available for different types of properties including single flats, flats within blocks, shared houses and family house lets. Policies have standard features such as buildings and contents, as well as optional extras that can be tailored to your individual needs.
Key Benefits
- Landlords Buildings Insurance – provides cover for any damage to your building arising from such unforeseen events as fire, flood and theft
- Landlords Liability Insurance – for example, this protects you against accidental injury to your tenants, property damage etc...
- Landlord Contents Insurance – protects you against the risk of damage to your fixtures, fittings, furnishings and appliances due to such events as fire, theft or flooding
- Legal protection – financial cover for incidents such as tenant eviction proceedings and property disputes
Optional Extras
- Replacement Locks - in the event of your property being broken into or keys being lost, your policy can provide cover for the replacement of locks
- Alternative Accommodation - helps cover the cost of having to pay for alternative accommodation for your tenants on the event of a flood or fire that makes your rental accommodation temporarily uninhabitable
- Rent Guarantee Insurance - this provides financial cover in the event that rent needs to be paid should a tenant default on their tenancy agreement (this is usually available subject to specific criteria to be met by the landlord)
