Landlord Insurance for Malicious Damage
If you are a landlord looking for a policy that provides cover against malicious damage you may want to consider both buildings and contents insurance.
Landlord building insurance
This type of cover will protect the actual permanent structure of the property as well as the fixtures and fittings, malicious damage that could occur to such could include broken windows or doors, or holes deliberately put into a wall. There are many providers of landlord building insurance because many lenders require landlords who have buy to let mortgages with them to insure their property with at least this level of insurance. However when looking for a policy you should check beforehand exactly what malicious damage is covered and to what amount, some policies may require you to purchase malicious damage cover as an optional extra.
Landlord contents insurance
If you let property as fully or partially furnished then you may want to cover the items you have provided. What items are covered may vary by policy however they generally include: furniture, appliances such as TVs, white goods and other items like carpets. Some policies may not automatically provide cover for malicious damage caused by tenants or visitors however; you may therefore want to seek out a policy that does offer malicious damage cover or purchase it as an optional extra. It may also be wise to ensure that a contents insurance policy also covers you for things like theft by tenants and visitors.
Loss of rent cover
If any malicious damage occurred that meant you could not let the property out until repairs were made you may incur a loss of income as a result. Finding a policy that provided loss of rent cover due to malicious damage might be able to reimburse you the rent you lost due to this damage.