Looking for landlord insurance?

This is an insurance policy that coves a property owner from financial losses or risks associated with rental properties. The policy covers the building with the added option of insuring some of the contents within the property that belong to the landlord.

The policy will usually cover a standard set of potential risks such as damage done by fire, lightning, explosion, earthquake, storm, flood, subsidence, theft, malicious damage, and the escape of water and or oil. Each insurance policy is of course different and may or may not cover all these items. Optional coverage may include accidental damage, terrorism, legal protection, alternative accommodation costs, contents insurance, rent guarantee insurance and liability insurance.

A good place to start is a price comparison website such as moneysupermarket.com or moneysaving expert.com. You could also take a look at websites designed specifically for landlords such as justlandlords.co.uk or landlordinsurance.org.uk.

Landlord insurance is not the same as property insurance. Therefore, even if the property is insured for you to live in, as soon as you let it out, you need to take out a landlord insurance policy to ensure that you and the property are adequately covered.