There are many different types of Landlord. From the individual who is renting out their second home to the ambitious property tycoon with an ever-increasing portfolio of trendy dockside apartments. The common theme for all landlords is the need to purchase landlords insurance to protect their investment.
As a landlord, you are effectively using your property as an extra source of income – and this needs to be protected. A normal home insurance policy is not valid when you are taking an income from the property. A residential landlord policy is what is required.
With the correct landlords insurance policy in place, you can relax knowing that should any damage be caused to the property you are protected against the financial consequences. With this peace of mind in place, you can worry about running your property and nothing else.
Landlord Insurance is a term that applies to a policy covering buildings & contents for a property that is let. Landlords insurance caters for residential and commercially let properties, including students, DSS, holiday homes and unoccupied premises. Most home insurance policies will not cover let properties, which is why there is dedicated landlords insurance. Changes in legislation now require landlords to be more aware of the risks, in particular with regard to public liability and appliance safety.