Residential Property Owners Insurance for Landlords

Residential property owners insurance is vital if you are a landlord and let your property to tenants. A standard household insurance policy is insufficient and you will soon come unstuck if you need to make a claim; such policies are designed solely for owner occupied properties and thereby will provide no protection against any losses which might occur. As a Landlord your liabilities, obligations and requirements change significantly. Consequently you will need a specialist policy to cater for this. This is where a residential property insurance policy steps in; it is designed specifically for residential landlords or buy-to-let owners, whether individuals or businesses such as property development companies.

The most important thing when considering a Residential Property policy is how much the building is covered for. Ideally, you must contemplate what would cover the cost of rebuilding (we can assist if this is not known) from scratch in the event of a fire or natural disaster as well as covering loss of rent to tide you over.

Loss of rent and Buildings cover are as standard, but other optional benefits we offer in addition are: alternative accommodation costs; landlords’ contents (if you have furniture in the property); contributions towards alternative accommodation for your tenants, legal protection, rent guarantee and public and property owners’ liability, in case anyone injures themselves in the property.