Landlord insurance is insurance for landlords to protect their property and themselves (i.e., their liability). Most landlords are required to take out landlord insurance for each property they rent out, but landlords with large rental property portfolios may be able to get single cover for all properties.
Types of landlord insurance
There are three main types of landlord insurance, namely building insurance, contents insurance and liability insurance. Some policies will include extras and add-ons that provide landlords with further protection.
Landlord building insurance covers you against damage to the main structure of the property. To secure a buy-to-let mortgage on a property, you’ll probably need to prove that you have taken out landlord building insurance. You may pay for some degree of cover within service charges if the property is part of a block of flats.
Landlord contents insurance covers the fixtures and furnishings within the property. For example, the policy may cover the cost of replacing a carpet in the event of a flood. These policies can be purchased as stand-alone policies, or they may be an add-on to building insurance. They only cover the items you own – not your tenant’s belongings.
Landlord liability insurance covers you for the financial costs if anyone using your property suffers an accident due to the condition of the property, including electrical systems. The policy will pay out if you owe compensation.
How much does it cost?
The cost of landlord insurance will differ based on your rental properties and your needs. The number of prospective tenants and the location of the property can also influence costs.
How to make a claim?
To make a claim on any landlord insurance policy, you should contact the policy provider directly unless told otherwise.
Landlord insurance policy – key terms
- Perils – this term is used to describe items or events the policy covers.
- Excess – this term refers to the amount you will need to pay towards repairs and replacements.
- Sum insured – this term refers to the maximum figure an insurer will pay you for one claim.
- Exclusions – these are the items or events not covered within the policy.
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FAQ'S
We offer a free no-obligation initial consultation, which will allow us to identify your financial planning needs and to determine what services are most suitable for you.
On this meeting, we will provide you with and discuss our Terms of Business brochure. This document clearly details our fees for all areas of advice we provide. We understand individuals’ have different needs and objectives and after our consultation we will be able to confirm our fees. At no point will any chargeable work be undertaken until you are made aware of any associated fees. We are always happy to answer any questions about how and when our fees are payable, however we may not be able to confirm the exact fee until we have completed an initial consultation.
Yes, of course. We welcome the opportunity for you to invite family or a third-party representative to come along to our meetings if you would like the presence of a familiar face. We endeavour to support you, so please make us aware of any additional requirements or provision you require prior to our meeting.
We can meet face to face at our offices in Bexley. Our address is Unit 34 The Hop Store, Old Bexley Business Park, 19 Bourne Road, Bexley, Kent, DA5 1LR.
We can also facilitate home meetings if required, or video and phone calls if this is more convenient for you
We provide a range of advice services, including mortgages & protection, investments, financial planning, retirement planning, and estate planning. If you wish to discuss your enquiry further, please feel free to call the team on 01322 958222.
Yes, Sidney Curtis Financial Limited is an appointed representative of Quilter Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) and is registered on the FCA register with Firm Reference Number 440703. Sidney Curtis Financial Limited is also registered on the FCA Register with Firm Reference Number 1052400.
We offer a free no-obligation initial consultation, which will allow us to identify your financial planning needs and to determine what services are most suitable for you.
On this meeting, we will provide you with and discuss our Terms of Business brochure. This document clearly details our fees for all areas of advice we provide. We understand individuals’ have different needs and objectives and after our consultation we will be able to confirm our fees. At no point will any chargeable work be undertaken until you are made aware of any associated fees. We are always happy to answer any questions about how and when our fees are payable, however we may not be able to confirm the exact fee until we have completed an initial consultation.
Yes, of course. We welcome the opportunity for you to invite family or a third-party representative to come along to our meetings if you would like the presence of a familiar face. We endeavour to support you, so please make us aware of any additional requirements or provision you require prior to our meeting.
We can meet face to face at our offices in Bexley. Our address is Unit 34 The Hop Store, Old Bexley Business Park, 19 Bourne Road, Bexley, Kent, DA5 1LR.
We can also facilitate home meetings if required, or video and phone calls if this is more convenient for you
We provide a range of advice services, including mortgages & protection, investments, financial planning, retirement planning, and estate planning. If you wish to discuss your enquiry further, please feel free to call the team on 01322 958222.
Yes, Sidney Curtis Financial Limited is an appointed representative of Quilter Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) and is registered on the FCA register with Firm Reference Number 440703. Sidney Curtis Financial Limited is also registered on the FCA Register with Firm Reference Number 1052400.