What’s included in Landlords Insurance?

Landlords insurance can be purchased by residential or commercial property owners or property owners who have purchased their first buy-to-let property.  However, it’s important to know what is typically included in a Landlords Insurance policy so that you get the right insurance cover for your needs.

Buildings Insurance: Landlords Insurance typically gives you standard buildings insurance cover.  This provides general protection against risks such as fire, floods and storms.  It is important to allow for the cost of  rebuilding the property especially for buy-to-let owners who want to have the building back in use as  soon as possible as they rely on the rental income from the property.

Contents Insurance: If you’ve furnished the property this will protect your belongings within the property.  Many landlords choose to furnish a property before it is let.  It’s important to note that tenants must purchase their own contents insurance for their own belongings.

Liability Insurance: This covers landlords for their legal liability in the event of a claim for injury or material damage arising from an incident at your property.

Loss of Rent: If your property is damaged or it cannot be inhabited temporarily through what is deemed to be an insured risk, loss of rent cover will protect you by paying for lost rent as laid out in your policy.   It may also provide alternative accommodation where required.

Legal Expenses Cover: This provides protection in the event of legal disputes relating to your property or properties such as contract disputes.

Last reviewed 18/1/2012

To talk to an expert in your area and get a quote, contact your local insurance broker.