Compare Landlord Insurance
Landlord insurance is insurance for anyone who rents out their property to paying tenants.
What is Landlord Insurance?
Landlord insurance exists to protect landlords during certain circumstances where they could be liable. Whether you are a single landlord renting out a second home, or a large-scale property investor with a large portfolio of properties under your belt, landlord insurance is really important if you want to ensure that your money and investment is protected
Landlord insurance is used for a variety of reasons. If legal expenses are necessary landlords will be compensated for any legal fees. If the property is damaged landlord insurance will help cover the costs to repair the damages and can compensate the landlord for any loss of rent.
What is covered?
Landlord insurance covers the physical building itself against events such as fire, smoke, weather damage, burglary, flooding and vandalism. You can also get cover for the contents within the building such as appliances and furniture. A policy can help you with the costs of repairing the property whether extensive or minor.
Liability cover is an essential aspect of a landlord insurance policy and many providers offer cover of up to £2 million.
Finding the right policy
When you take out any insurance the policy must be carefully reviewed so you understand exactly what is and is not covered. You could find that coverage may be limited to damage of the interior or exterior of the property.
There is a variety of coverage available so you should consider your different options carefully before purchasing a policy. You can use the table above to compare different products to help you find the policy best suited to you and your needs. Always read the terms and conditions fully and watch out for any hidden administration fees that can be expensive.