Reliable Insurance for Landlords

When it comes to insurance for residential lettings there are many types of policy depending on whether the property is a buy-to-let or whether there are multiple properties which need to be insured under one umbrella. Whatever the circumstance, it is important to choose the correct policy. The type of cover might include contents insurance, buildings insurance, alternative accommodation insurance or loss of rent. It is important that the landlord picks the correct building insurance as the property is probably his most important asset.

What is Landlord Insurance?

Landlords need strong protection, for their property, for their tenants and for themselves. This applies to both commercial and residential landlords and an insurance policy will need to be tailored to suit either. A policy can be built to suit which will cover a range of disasters which may happen. These include fire and flood, damage to fixtures and fittings and if need add-ons may be included such as public liability or employee liability insurance.

Home Insurance Versus Lettings Insurance

Some people think that home insurance and landlord insurance but there are some differences. In addition to a home insurance policy landlords will also need to add public and property owners’ liability cover, loss of rent cover, legal cover, lock replacement cover, alternative accommodation cover to mention a few. Depending on the size of the property those decisions will need to be discussed with the insurance agent.

The Specialist Residential Lettings Policy

The buy-to-let landlord is probably the most vulnerable when it comes to risk. Unfortunately, there will be the instance when the tenant let the bath overflow or refused to pay the rent or had a three-day party which caused damage to the property. There are a lot of hazards to keep the landlord awake at night but with a specialist policy the nightmares will cease.

Contact Just Quote Me today to get your FREE no obligation Residential Lettings Insurance quote on 0800 084 2325 or fill out our Quick Quote Form.