Insurance is insurance cover which safeguards the
landlord against certain financial losses sustained
in connection with his rental property. The short
answer to the question is yes, yes, yes! With the
ever increasing demand for rental property, landlords
need to safeguard their properties, and their rental
income, against any eventuality.
general policy will include cover against subsidence,
storms, floods, malicious damage, fire and theft but
the landlord can also opt for further aspects of cover
such as Contents Insurance, which is particularly
important if the landlord is renting out the property
part or fully furnished, Rent Guarantee Insurance,
Legal Expenses Insurance and Liability Insurance.
are two types of Contents Insurance a landlord can
take out depending on the type of property he is letting.
Contents Insurance covers items such as white goods,
electrical equipment, carpets and curtains and generally
a policy wouldn’t go much higher than £15,000.
This is an ideal policy for landlords who are renting
out an unfurnished or part furnished property.
Contents Insurance would be more appropriate when
the landlord is renting out a property which is fully
furnished. However, it should be noted that the landlord’s
Content Insurance will only cover his/her belongings
within the property and not the tenant’s so
it is advised that the tenant takes out their own
cover if they wish to safeguard their possessions.
landlords are strongly advised to rent out their properties
through a professional Online Letting Agent who will
arrange all their insurance for them, in cases where
this doesn’t happen the landlord should most
certainly ensure he has Rent Guarantee cover.