This comparison can help you find the right insurance policy for your buy to let property, but start by deciding what cover you need.
Get the right cover
You can use this comparison to find a policy that covers what you need, including:
Buildings cover: This is the rebuild cost of your property, not the market value or what you paid for it. Use this rebuild calculator to work this out.
Contents cover: Work out the replacement cost of your contents in the property. If your property is unfurnished, you may only need a small level of cover.
Accidental damage: This covers the cost of damage to your property or its contents caused accidentally by your tenants. Some insurers may charge you extra to add this.
Landlord liability: This covers you if your tenants are injured or ill because you have not taken proper care of your property. You can choose a limit of up to £5 million.
Rent guarantee: This covers your rental income if your tenants fail to pay. Some landlord policies automatically include this, but you may need separate cover.
Once you have decided what cover you need, compare as many quotes as possible to make sure you get the best price.
Check the minimum excess you have to pay towards claims, and speak to your insurer about discounts for choosing a higher excess.
Here is more information about how to save on your landlord insurance.
Landlord insurance FAQs
Do I have to get landlord insurance?
You do not legally have to, but your mortgage lender may need you to have cover. It is also important if you rely on your rent to pay your mortgage.
Can I cover more than one property under the same policy?
Yes, most landlord insurers offer discounts for portfolio cover. Speak to an insurance broker to find the right portfolio policy for you.
Am I covered for damage caused by my tenants?
Most insurers can provide cover for malicious damage, but you may have to pay more to include this.
Should I insure my tenants' contents?
No, your tenants are responsible for insuring their own contents. However, you should insure your own contents if your property is furnished.
Is loss of rent covered?
It is included if you cannot rent your property because it has been damaged, but you may have to buy cover separately for tenants withholding rent.
Will boiler breakdown be covered?
You can insure your boiler, but you may have to pay extra to cover it or take out a separate policy. Read more about boiler insurance here.