Landlord Insurance

Landlord insurance is a specialized policy designed to protect property owners from financial losses related to their rental properties. This coverage typically includes the structure of the building and may also insure any landlord-owned contents inside the property. While often referred to as “buy-to-let insurance,” this term is a subset of landlord insurance. Buy-to-let insurance generally covers a single property purchased with a buy-to-let mortgage, whereas multi-property insurance is designed to cover multiple rental properties. Understanding the differences between these options is crucial, as they each offer distinct coverage.

What Does Landlord Insurance Typically Cover?

Landlord insurance policies generally cover risks such as fire, lightning, explosions, earthquakes, storms, floods, escape of water/oil, subsidence, theft, and malicious damage. However, coverage can vary by policy, so it’s important to review the terms. Optional add-ons may include coverage for accidental damage, tenant-caused malicious damage, terrorism, legal protection, alternative accommodation costs, contents insurance, rent guarantee insurance, and liability insurance.

It’s important to note that landlord insurance usually does not cover the personal property of tenants or provide protection for tenants’ interests. However, a liability insurance policy for the landlord or property manager can provide some benefit to tenants in case they incur a loss for which the landlord is responsible.

Contact us to learn more about the right landlord insurance policy for your property.