Why Landlord Insurance Matters
Why standard home insurance is not enough and what landlord insurance covers.
Standard home insurance does not cover rental properties. If you let a property with standard home insurance, you may find that claims are rejected — leaving you personally liable for potentially significant losses.
Landlord insurance is specialist insurance designed for rental properties. It covers the unique risks that landlords face: tenant damage, loss of rent, liability claims from tenants, and the legal costs of eviction.
Letting a property with standard home insurance is a common and costly mistake. Always arrange specialist landlord insurance before your first tenant moves in.
The risks landlords face
- Property damage by tenants
- Loss of rent (property uninhabitable after an insured event)
- Liability claims from tenants or visitors
- Legal costs of eviction
- Rent arrears
- Malicious damage
- Accidental damage
- Escape of water
- Subsidence
What landlord insurance covers
A comprehensive landlord insurance policy typically includes: buildings insurance, property owners' liability insurance, loss of rent insurance, and (optionally) contents insurance, rent guarantee insurance, and legal expenses insurance.
The exact cover varies by policy and insurer. Always read the policy documents carefully before purchasing.