Landlord Home Insurance Deals
Actually securing the building you are renting or the contents inside it is only one half of the insurance burden that has to be handled by landlords. Home insurance is generally split into two distinct subcategories, and you will be able to get landlord insurance quotes for both individually or as a combined policy.
Buildings insurance
This is probably the most important part of home insurance for landlords, as it will provide you with protection against having to pay the full price of repairing damage to the physical structure or permanent fixtures of the home you are renting out.
Buildings insurance policies are all individually different, but a broad consensus exists that means that you will be covered from damage caused by:
- Fires and explosions
- Storms, flooding and other adverse weather conditions
- Theft or attempted break in
- Vandalism
- Pipes freezing or bursting
- Subsidence
It is important that this part of home insurance is taken care of by the landlord, as they are the sole owner of the property.
Contents insurance
Contents insurance will take on different importance to a landlord’s home insurance depending on whether or not the property they are renting is fully or partly furnished. Contents insurance protects those items that are not covered by buildings insurance, things such as furniture, carpets and certain kinds of appliances. It will be completely dependant upon how many possessions the tenant brings with them that decides whether or not the tenant or the landlord pays for the contents insurance, although in most cases it is the tenant.
Making sure that these two aspects of home insurance are taken care of properly will make a landlord’s life a lot easier. You will be able to find landlord’s insurance quotes that offer both separately or in a combined policy that may offer substantial savings.