As a landlord, you are responsible for insuring any let properties that you own. The risks associated with let properties are significantly different to owner occupied properties, so you need to make sure that the insurance you carry is completely sufficient.
Your exact requirements may vary depending on the types and number of properties in your portfolio. This is why we try to make our landlords insurance scheme as flexible as we can, allowing you to construct the policy most relevant to you. These are some of the key options available to you with a Constructaquote.com landlords' insurance policy:
Landlords’ contents insurance
If you have particularly valuable possessions in your property, such as expensive furniture or fixtures and fittings, it could cost you a lot to replace or repair these if they were to get damaged. Contents cover helps to transfer this risk by insuring your properties’ contents.
Landlords’ buildings cover
As a landlord, it is unlikely you will be able to supervise your property/properties all of the time. As such, it is important that you have complete peace of mind should an accident arise when you are not there.
Landlords’ buildings insurance covers your property against damage by fire, lightening, explosion, smoke, impact, burst pipes, storm, flood, subsidence and theft – so you can rest assured you will be covered for most eventualities!
Public and employers liability insurance
If your business operations were to injure a member of the public or damage their property in some way, public liability insurance would cover you in the event of a claim being made against you.
In addition to public liability, if you have employees working for you, you are legally obliged to have employers’ liability insurance. Every business in the UK that employs staff, regardless of size or turnover, is required to have at least £5 million of employers’ liability cover in place.