If you’re a landlord, residential property owner’s insurance covers you should you encounter a loss of income or need to pay for damage repairs on your property.
This type of insurance is also known as landlords insurance, as it exclusively covers buy-to-let properties.
Get your no-obligation quote from SP Insurance Services Limited today.
Buildings insurance
Buildings insurance is essential landlord insurance that covers the rebuild or repair value of your property in the event of damage from vandalism, storms, fire or vandalism.
Property owner’s liability cover
This protects landlords when claims from the public are made after an injury occurs at one of their properties. Something as simple as tripping on a loose paving slab in a garden or driveway could make you liable to pay compensation to a third party. This covers tenant guests, postal and delivery workers, and workmen.
This cover should cover the cost of compensation and legal costs. Typical limits that an insurer will pay range from £1 million to £5 million.
Other landlord cover to consider
Landlord’s contents insurance
If you don’t provide any furniture in the house, you won’t need landlord contents insurance. However, if you have provided furniture, then this should be added to your landlord insurance policy.
Loss of rent
Loss of rent can cover you if the property is damaged by an insurable peril and the tenants can no longer reside in the premises. This could include if your building becomes uninhabitable due to damage from a fire, storm or flooding. This gives you peace of mind that you’ll have a continuous income flow.
Uszkodzenie przypadkowe
While some accidental damage may be recoverable through deposit money, it can be worth getting accidental damage cover to ensure that more costly repairs won’t leave you out of pocket.
Często zadawane pytania
What’s the difference between property owner’s and residential property owner’s insurance?
Property owner’s insurance covers both domestic and buy-to-let properties. Whereas residential property owner’s insurance is specifically tailored to landlords, helping secure the right policies to protect their property investments.
How do I get a quote for landlord insurance?
Landlord insurance costs vary depending on how much cover you need and whether you want add-ons. With SP Insurance, we’ll ensure you get the right cover for the right price. Get your quick, no-obligation quote with us today.
