Insurance for your properties
What is Landlords Insurance?
Landlords Insurance is specific protection for your rental properties, whether that’s a holiday let a B&B, a Guest House or simply a property on long term rental we have insurance to suit your needs.
As a landlord/property owner, you will need a particular type of insurance for properties or rooms you rent out. This cover usually includes the same type of protection as your usual house insurance, such as cover for buildings and contents in the event of a range of circumstances.
However, you need certain extra cover as a landlord, including for:
• Non payment of rent
• Damage to your property (by the tenant)
• Loss of earnings/rehousing costs if the tenants have to move out (following an insured event)
• Liability for accidents in your property causing injury
There are many more options available, it is our job to make sure you are aware of what is available to you and provide you with quotes from the whole of market.
Do I need landlord insurance instead of regular house insurance?
If you’re the owner of a property that you want to rent out there’s currently no legal requirement which states that you must have insurance. However, if you have a buy-to-let mortgage on your property, your lender may specify that you must have insurance in place.
We recommend that you consider a policy which has been designed for landlords. A standard home buildings or contents policy won’t consider the potential risks that landlords face, such as loss of rent and accommodation costs, should your tenants have to move out after an insured event, or cover for your liability as a landlord.
You can get cover for multiple properties, which can often work out cheaper if you have a portfolio.
Contact us on 01423 561060 or email firstname.lastname@example.org for more information or to get a quote for landlords insurance complete our online quote form.