landlords insurance

flood risk insurance

ex offender household insurance

Landlords Insurance

Landlords insurance is similar in many respects to home owners buildings or property insurance.  It is designed specifically for a landlord’s rental property, both residential and commercial. At its most basic landlords insurance provides protection for landlords against the costs of property repairs or reconstruction as a result of disasters such, fire or flood.

The basic Landlords insurance policy provides valuable disaster insurance, should the worst happen to a property, and is often a requirement for obtaining a mortgage or other finance secured on the property. As a minimum level of protection, Landlords Insurance should be for the rebuild cost of the property. Landlords insurance also provide landlords with liability cover should a third party injure themselves at the property and hold the landlord responsible for injuries or damages incurred.

Landlords Insurance provides

  • Insurance against property damage or destruction
  • Insurance against 3rd party claims of injury or damage

Extending your landlords insurance

With so many potential liabilities faced by landlords, it is sometimes advisable for landlords to extend their insurance policy to include landlord’s contents insurance, legal protection and rent guarantee cover.

Landlords Insurance Contents
Designed specifically to protect the contents of part or fully furnished property lets. Landlords contents insurance only protects a landlords own contents, tenants should arrange their own contents insurance if required.

Landlords Insurance Rent Guarantee
If, as a landlord, you rely on your rental property for an income, rent guarantee insurance can provide valuable cover and can often be included in a landlords insurance policy.

Landlords Insurance for property portfolio

Unlike home insurance, which is designed as a standalone insurance policy for your main residence, Landlords Insurance can often be extended to protect entire property portfolios. From a single retail property with a separate flat; to a portfolio of apartments, residential properties and commercial units under one single Landlords insurance policy. The advantages of having one policy to protect a property portfolio are many and varied. A single renewal date and one point of contact for claims is a distinct advantage for a busy Landlord. Overall, Landlords insurance premiums can often be reduced when compared to separate landlord’s insurance policies.

Cheap Landlords Insurance

Being a landlord is a tricky business: by making sure you have the right level of protection at the best possible price is an essential part of making your business profitable. By following these simple tips you can make find cheaper landlords insurance
  • Increase your Landlords Insurance policy excess - a small increase in voluntary excess on your landlords insurance policy can result in big savings
  • Shop around – Landlords Insurance Premiums vary considerably, so compare landlords Insurance policies online.
  • Save on tax - Your landlords insurance policy should be a tax-deductible expense
  • Choose your Landlords Insurance options wisely - You can tailor your landlord’s contents insurance policy to suit you. You might not have any contents apart from carpets in the property, so you won't need the same level of contents cover as a landlord with a fully-furnished corporate rental.