Landlord Insurance: The Most Frequently Asked Questions


Landlord Insurance FAQ (frequently asked questions)

Read the most frequently asked questions about landlord insurance policies; see the answers, compare quotes and find the best deal to suit you.

What does landlord insurance mean?

As a landlord, whether renting property as your main business or as a second income, you need to have cover to protect your building, tenants and your rental business. This is known as Landlord insurance.

Why is landlord insurance important?

When you rent out property, it could mean it is at greater risk which a regular home insurance policy will not cover.

What should I include on my landlord insurance policy?

If the property you rent out is furnished, cover for your contents or any items you own is your responsibility; this includes fixtures and fittings.

Check to see if the following are included:

  • Cover for loss of rent
  • Cost of alternative accommodation
  • Public liability cover
  • Property owner’s liability cover
  • Replacement of glass and locks
  • Contents insurance

What does public liability insurance mean?

If a tenant, a visitor or a tradesperson becomes injured or their personal belongings are damaged as a result of a fault in your property, public liability insurance provides you cover for this.

What is cover for loss of rent?

Taking out insurance for loss of rent means that if your property becomes uninhabitable due to damage, such as fire or flood, then if you make a claim, you can usually recover approximately 36 months of lost rent.

Who is responsible for contents insurance?

Your tenants are responsible for their own personal items and should take out their own insurance for these. It is your responsibility to have landlord contents insurance for the items you own, such as furnishings, fixtures and fittings.

Should I take out legal expenses cover?

Legal fees can be costly and this type of insurance cover for landlords is well worth considering. The following are areas where legal fees can be high:

  • Debt recovery
  • Repossession
  • Property protection
  • Tenant default
  • Tax protection
  • Injury
  • Contract disputes

What does the tenancy deposit protection scheme mean?

The scheme, known as the tenancy deposit protection scheme, is a safeguard for tenants to get their deposit back at the end of their tenancy. However, this return of deposit can only be met, even under this scheme, if tenants have met the terms of their rental agreement and not caused damage to the property.

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