The following points may be of use to you if you are wondering exactly what does landlords insurance cover:

  • policies may vary widely from one provider to the next, so reading steadily through policy quotes may be required to ensure that you are fully aware of what is and is not covered;
  • similarly, relying on price as an indicator of level of cover may be no substitute for reading the policy documentation;
  • an obvious area of cover is buildings insurance and this may be mandatory if you have a mortgage on your buy to let property. You may typically find that this provides financial protection against damage by fires, flooding, storms, smoke, earthquakes and the like;
  • liability insurance for landlords (protection against being sued for damages by a third party) may typically form part of a buy to let buildings insurance policy and you may wish to bear in mind that the level of cover provided may vary significantly from one policy to another;
  • landlords contents cover tends to be an optional form of insurance since not all let property is let on a furnished basis;
  • if you are wondering what does landlords insurance cover by way of protection against malicious damage by tenants, then the good news is that there are some policies which provide this type of cover as standard;
  • some buy to let policies may also offer subsidence cover as standard, though you may be surprised at the number that do not offer this cover at all;
  • if you have ever been in the position of having to pay for the repair of damage caused by a tradesperson who was trying to find the source of another insured problem, then you may appreciate a landlords insurance policy which provides trace and access insurance to cover this sort of situation;
  • some policies may be quite restrictive on the types of tenants that they cover, excluding students and DSS for example – these may not be suitable for you if you are happy to let your property to these categories of tenant;
  • as a final point about what does landlords insurance cover, you may be interested in those policies which may offer compensation for loss of rental income, in the event that your tenants have to move out of your property while repairs are underway to damage caused by an insured event (eg flood or fire).
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