Landlords Insurance

With the increase in popularity of buy-to-let mortgages in the UK, more and more people are taking on the responsibilities of leasing properties to tenants. The role of the landlord brings with it many new duties but it can also be a very rewarding experience. It is vital for anyone renting out their property to take out adequate insurance but, despite the popularity of buy-to-let mortgages, landlords can still sometimes face difficulties in finding the right level of insurance cover for their specific needs.

If you do not intend to live in the property you are insuring, many standard homeowners’ insurance providers will simply decline to cover you, as they have no information on the degree of risk associated with those that will be inhabiting the property. Moreover, the specific responsibilities of landlords in the UK are extensive and complex and most standard homeowners’ insurance policies are unlikely to recognise the importance of these; not to mention the fact that a normal home insurance policy will not be valid for anyone that will be receiving an income from their property.

Despite the potential barriers to finding quality landlord’s insurance for your rental property, there are an increasing number of specialist insurers and policies tailored to the particular needs of landlords. Many big name companies operating at the national level offer tailored landlords insurance that you can fit to your own particular needs by choosing cover for buildings, contents, legal expenses and public liability. You can also often benefit from great discounts if you are insuring more than one property. So whether you are an individual hoping to rent out your second home or running a large scale property rental business, you can rest assured that there are specialist insurers out there that understand your individual concerns and can offer good value comprehensive protection.