Home Insurance for a Landlord

Landlords often overlook home insurance when deciding to rent out a property, the risks associated for commercial letting are quite different to those for owner occupied homes, and therefore it’s advisable to opt for an insurer that specialises in this field.

Landlord home insurance can protect you against the following risks: High Risk Tenants: Covering tenants such as students, multiple single occupants, and those in receipt of state benefits, that usually only specialist landlord home insurance can insure.

Employers Liability: Insuring you as an employer, covering for instance the death or injury of anyone you employ at the property such as gardeners, painters etc.

Limited Contents Cover: A great deal of properties are let unfurnished, and this allows the policy owner to cover only a small sum of contents within the property, such as £5,000 for items such as carpets, curtains, kitchen electrical and so on.

Legal expenses: It’s common for landlords to experience problems with tenants, who find themselves unable to pay their rent, or who need to move out before the end of their tenancy agreement. These situations require a court hearing and solicitors costs to be resolved; landlord home insurance can cover owners for this eventuality. Rent Guarantee: Guaranteeing you rent from your property whether occupied or not, this insurance is tax deductible.