Landlord Insurance

Landlord insurance is a specialist insurance product designed for properties that are rented to tenants. Standard home insurance policies typically exclude cover if the property is rented out, making specific landlord insurance essential.

A comprehensive landlord insurance policy typically covers: - Buildings insurance (the structure, permanent fixtures, and fittings) - Landlord liability insurance (if a tenant or visitor is injured on the property due to your negligence) - Loss of rent (if the property becomes uninhabitable due to an insured event such as fire or flood) - Legal expenses (tenant disputes, eviction proceedings, repossession) - Optional: contents insurance for furnished lets, accidental damage, rent guarantee

The annual cost for a standard 3-bedroom terrace let on an AST (Assured Shorthold Tenancy) is typically £200-£500/year from major providers.

Factors that affect the premium: property type and size, location, tenancy type (professionals, students, and DSS/LHA tenants are rated differently), whether the property is furnished, and the level of cover selected.

Do not attempt to save money by using inadequate cover. A major claim - fire causing the property to be uninhabitable for 6 months - can run to tens of thousands of pounds in lost rent and repair costs. The insurance premium is a small fraction of the potential claim.