Compare Landlord Insurance

When letting a property to tenants it is essential that you have a comprehensive landlord insurance policy in place to protect you financially against the unforeseen. The insurance requirements of landlords are different from those covered by regular home insurance policies, although both buildings and contents cover are still needed, so by obtaining quotes from specialist landlord insurers you can ensure that you are fully covered.

Building insurance is needed to insure your rental property and the permanent fixtures within. The amount insured must be at least equivalent to the rebuild value of your property; this is usually a requirement by mortgage companies as a way of protecting their investment if a property is damaged beyond repair. However, specialist landlord building insurance may also include 'loss of rent' protection; this cover will pay out if, due to an insured event (i.e. fire or flood) taking place at the rental property, it is not possible to obtain rental income. Landlord insurance will usually also include 3rd party liability cover, this will provide protection if a tenant is injured due to poor maintenance of the property.

The level of contents cover needed for a rental property depends on whether the let is on a furnished or unfurnished basis. Comprehensive landlord contents insurance is needed for furnished properties, whereas limited contents insurance can be obtained to cover any white goods, curtains, carpets and light fixtures included in unfurnished properties.