The below gives you an overview of the essential covers for a property owner.
Buildings insurance – landlord’s buildings insurance covers property damage as standard from all major specified risks such as fire, storm & flood, lightning & earthquake, explosion, aircraft, riot, falling trees, etc. The cover is also available with accidental damage and subsidence, landslip & heave.
Contents insurance – covers your possessions within the rental property, such as furniture and fittings. Tenants must buy their own contents cover to protect their own possessions.
Property Owners liability insurance – we include public liability as standard on all our property owners policies, this covers you against claims made by tenants for damage to their property or personal injury arising from incidents connected with your rental property. You can increase the level if you need to.
Loss of rent or Alternative Accommodation – we can include a minimum level of cover which compensates you if you lose rental income because your property cannot be occupied or accessed due to an insurable peril. You may get a percentage of your rental income or the cost of alternative accommodation automatically included depending on your insurer. Please ask one of our members of staff for further information.