Landlords Insurance
Landlord insurance is a combination of different covers designed to protect a landlord. It is sometimes also known as buy-to-let insurance. It provides financial protection for landlords renting a property to tenants. It can help protect your property from all sorts of risks that come along with being a landlord, from careless tenants to general maintenance and emergency household faults.
Most mortgage providers will insist you have landlord insurance in place if you’re buying a property to let it out. Don’t rely on ordinary home insurance either, as generally you won’t be covered if you rent out your house or flat. It won’t cover things like unpaid rent or malicious damage caused by a tenant – all things that can be added to a landlord insurance policy.
If you’re renting out a leasehold flat in a block of flats, it’s likely that the freeholder may already have arranged buildings insurance but it is worth checking.
