Specific protection for your rental properties
As a landlord, you will need a particular type of insurance for properties you rent out to tenants. This cover usually includes the same type of protection as your usual house insurance, such as cover for buildings and contents in the event of a range of circumstances.
However, you should consider if you need certain extra cover as a landlord, including cover for:
- Non-payment of rent
- Damage to your property (by the tenant)
- Loss of earnings/rehousing costs if the tenants have to move out (following an insured event)
- Liability for accidents in your property causing injury
Do I need landlord insurance instead of regular house insurance?
If you want to rent out a property, there's currently no legal requirement that states that you must have insurance. However, if you have a buy-to-let mortgage on your property, your lender may specify that you need to have insurance.
It's certainly worth considering a policy designed specifically for landlords. A standard home buildings or contents policy may not take into account the potential risks that landlords face, such as loss of rent and accommodation costs, should your tenants move out after an insured event, or cover your liability as a landlord.
HomeLet's Insurance for landlords
With 30 years of experience in the industry, we've developed a bespoke range of products to meet landlords' insurance needs.
When it comes to being a landlord, there's much more to consider than how much rent you can charge. We know it can be a confusing time, so we've created some landlord tips to help you out:
- What Are My Rights For Inspecting or Viewing a Property as a Landlord? ...One of the main causes of tension between landlords and tenants is a misunderstanding of the landlord’s right to inspect or view properties that they own
- What‘s the Housing Act 1988 and what rights does it give me? The Housing Act 1988 is one of the leading statutes governing property law in England.