Landlords Insurance is a specialist insurance for property owners who rent out to tenants. The cover usually includes the following:
If an tenant threw a brick through a window or kicked a hole in the wall, a claim for the cost to repair the wall or replace the window as malicious and deliberate damage caused by the tenant is covered.
If the property is damaged due to fire or flood and the tenant had to move out, a landlord insurance policy would provide alternative accommodation for the tenant whilst the property is repaired. An optional extra on most landlord insurance policies could also include rent guarantee insurance if an event like this occurs.
If a tenant is electrocuted by a faulty plug socket, property owners liability would look to protect you in your capacity as a landlord.
While there’s no legal obligation for landlords to take out insurance you may be Legally Liable for Injury, Illness or Third party property damage. In addition, it would be prudent to protect your Assets, such as the Property and its Contents. If you have a loan or mortgage against the property, there is likely to be a requirement for you to insure by the Lender. Think of it as safeguarding your financial future.
To get a quote for your Landlords Insurance, just give our expert advisors a call. We compare landlord insurance from all our insurers to get you the best price. We will go through the information required by our insurers, and answer any questions you may have about your cover.
Once we have the information from you we will approach our partner insurers to obtain the most competitive quotation with the widest cover. Each of our clients have different requirements in terms of time so however urgent it is we will work with you to meet deadlines.
It is really important that Landlords insurer the buildings for the correct rebuild cover to avoid you being under insured in the event of a claim. We would recommend that client check this handy rebuild calculator out