Insurance isn’t usually the first thing on a landlord’s list when buying a rental property, and often it isn’t on the list at all. But just because you don’t live in a property doesn’t mean that you shouldn’t protect it as if you did. No matter how responsible they are, your tenants will not exercise the same level of care for your property as you would, and it is therefore more vulnerable than your home. Compare landlord insurance quotes now! Why should you get landlord insurance? • To protect you from the cost of rebuilding due to fire, natural disasters or damage by third parties (for example if someone drives a car into your wall)
• To protect your contents from damage by tenants or burglary
• To protect your income should a tenant default on the rent
• To cover legal expenses if you enter into a dispute with a tenant
• To pay for alternative accommodation if the building becomes uninhabitable
• To cover you if a member of the public injures or kills themselves whilst on your property How can you get the right cover at the best price? The key is to shop around. Try Simply Business to compare quotes from a range of leading insurers. With Simply Business you can: • Compare multiple landlord insurance quotes in minutes
• Save time and money
• Multiple quotes available for over 95 per cent of UK properties
• Cover benefits include accidental damage, tenant default, loss of rent, home emergency cover and more
• UK based support centre with dedicated landlord consultants
• We’ve already helped over 10,000 new landlord customers Compare landlord insurance quotes now! Which insurance covers are available for landlords? Buildings Insurance
This can cover you for the re-building of your property in the case of fire or natural disaster. You must check your policy before purchase to see which events it covers. For example some insurers will not cover your property for flood damage. If you are renting out a property which you previously lived in yourself, you cannot keep using your residential insurance. Instead switch it to specialist landlord insurance or you may find you are not covered. Contents Insurance
This can cover you for damage or destruction to possessions in your property such as furniture and appliances. It does not cover your tenant’s possessions so you will need to inform them of this so they have the option of purchasing their own cover. Tenant Default
This can cover your losses if a tenant defaults on their rent payments. Loss of Rent
This can cover you for the cost of alternative accommodation or lost rent if your property becomes uninhabitable. Emergency Assistance
All landlords know how expensive it can be to call out a tradesman for an emergency job, but if a pipe bursts or the boiler is leaking gas you need it dealt with ASAP. That’s where emergency assistance cover can help – it will cover you to get the problem dealt with in the interim so you can take the time to find a good tradesman to fix the problem at a reasonable price. Terrorism, legal expenses and accidental damage
These are additional covers which can be added on to your landlord policy. Compare landlord insurance quotes now! | 