We'll help you pick the right Landlord Insurance
01.
What is Landlord Insurance?
Landlord insurance is designed to protect you against the unique risks associated with owning and renting out a buy-to-let property. It typically includes a range of covers, and choosing the right policy depends on the level of protection you need.
Most landlord insurance policies start with two core components:
Buildings Insurance – to cover the cost of repairing or rebuilding your property.
Property Owners’ Liability Insurance – to protect you against claims from tenants or visitors for injury or damage occurring on your property.
Additional cover options can include:
Loss of Rent
Accidental Damage
Tenant Default Protection
A fully comprehensive landlord insurance policy helps safeguard your property, income, and legal obligations—giving you peace of mind against unexpected events, damage, or tenant-related issues.
02.
Do I need Landlord Insurance cover?
While landlord insurance isn’t a legal requirement, it’s crucial to understand that standard home insurance typically won’t cover rental properties. If you’re letting out your property to tenants, a regular home insurance policy may reject any claims—leaving you financially vulnerable if something goes wrong.
That said, landlord insurance is often a condition set by mortgage lenders. If you have a mortgage on your rental property, your lender may require you to have a valid landlord insurance policy in place before tenants move in. This coverage helps protect against the specific risks of renting and offers essential peace of mind.
03.
What Landlord Insurance cover is right for me?
Landlord insurance, also referred to as buy-to-let insurance, can include a variety of cover options. At its core, it typically includes buildings insurance and contents insurance—protecting your property against risks such as fire, flooding, and damage to furnishings within the home.
To ensure comprehensive protection, it’s wise to include as many relevant cover options as possible. When discussing your needs with an insurance advisor, consider exploring:
Emergency repair costs for major issues like burst pipes or gas leaks
Accidental damage cover for both the structure and any contents you provide
Legal expenses cover for recovering unpaid rent
Liability protection in case a tenant suffers injury on the property
Cover for lost rental income if the property becomes uninhabitable due to a valid claim
While landlord insurance generally includes protection for the most common risks involved with renting out a property, policies can differ significantly. Carefully review what each policy offers to ensure it aligns with your specific property and tenant needs.