Landlord’s home insurance is varied by nature. All landlords will need to have buildings insurance but contents insurance is available to a varying degree depending on how the property is furnished.
Here are some of the additional options available to landlords:
- Emergency Assistance – This covers the cost of a contractor’s call-out up to a maximum limit (for example £500) for work done. It will not cover incidents arising from a lack of routine maintenance.
- Legal Cover – Cover for legal expenses to assist with issues such as tenants not paying rent, failure to leave a property or unauthorised inhabitants, etc.
- Rent Guarantee – This pays the rent you are expecting if the tenant refuses to pay while vacant possession is obtained and for three months until a new tenant is found.
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