Why Should I Buy Landlord Insurance?

A surprising number of Landlords think that regular household insurance is enough when insuring their properties. However, what you may not know is that Landlords who do not tell their insurers that their property is rented may be refused a claim. This is because most home insurance policies do not adequately cover rented properties.

Click4Quote.com recommends that Landlords arrange specialist landlord insurance for all their rented properties. As well as providing the most appropriate cover for the buildings when being rented, cover can be purchased for Landlord’s contents and furnishings, and there are additional benefits which are of great use.

Firstly, the Click4Quote.COM landlord insurance policy also includes cover for loss of rent if your tenants have to move out temporarily while repairs are undertaken following an insured loss – for example a fire. Many policies additionally include the costs of alternative accommodation in these cases, and we recommend you check that your policy includes this cover.

Additionally, the Click4Quote.com landlord insurance policy includes cover for Property Owners Liability up to £2 million AS STANDARD. This is essential because of the large number of third parties that often visit a rented property – the tenants of course, but also the tenants’ guests etc. If any of these legitimate visitors were to be hurt, they are within their rights to make a claim against the landlord if it can be shown that the landlord was negligent. For those landlords who employ tradesmen on a regular basis (for example a gardener or handyman) Employers Liability is also available up to £10 million.

If you have not checked your insurance recently, we recommend that you do so in the near future so that you can see whether you are adequately covered. If you have any concerns, we are more than happy to discuss your insurance requirements with Landlords by email (enquiries@click4quote.com) or telephone (08450 89 90 91 Monday to Friday 9am to 5.30pm). Or why not get a quote on our website.

As ever, we welcome your thoughts and suggestions, so please feel free to send us your feedback.