Comprehensive Landlord Insurance
A Guide
A comprehensive landlord insurance policy should have the following features available. (Some may be included automatically, some may be optional extras)
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Accidental Damage for Buildings
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Accidental Damage for Contents
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New for old Cover for Contents (no deduction for wear and tear for most article)
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Reinstatement Cover for Buildings (no depreciation)
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Loss of rent - should the property be uninhabitable after an insured event
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Liability cover as a property owner.
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Employer's liability insurance - if the landlord employs maintenance staff etc.
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Legal Expenses Insurance - to cover costs of reclaiming the building if the tenant refuses to leave as well as contract disputes and possible tax investigations
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Rent Guarantee Insurance (may be an optional extra to the Legal Expenses policy), to cover loss of rent if the tenant refuses to pay it - usually only available if references are taken.
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Maximum
buildings sum insured £500,000 Maximum contents sum insured £50,000 Click here for higher sums insured |