Key Questions About Landlord Insurance
The landlord life can be very rewarding, but without the right insurance, you could find yourself in trouble if you need to make a claim. From buildings and contents cover, to covering loss of rent should a tenant refuse to pay – there are many situations that need to be considered when you take out a policy.
In this FAQ, we are going to answer some of the key overarching questions that we get asked so you can have some clarity over this often confusing product.
What type of landlord insurance do I need?
As a landlord, you will either own or manage a commercial or residential property. Each of these property types require different insurance features in order to have full protection. Residential landlords will need to protect themselves and their tenants against different situations from those renting out a commercial building like an office or retail store.
It is worth noting that although insurance is not a legal obligation for landlords in the UK, normal home insurance cover will not protect yourself and your tenants against the many things that can arise in the course of your landlordship.