Renting out property as a source of income is not without its risks, so it is therefore important to ensure that the property receives the proper amount of cover. Recognising this need for adequate protection, a great deal of insurance providers now offer landlord insurance policies that have been tailored to suit properties that are regularly rented for students.
Although there are a wide range of different policies that are available to landlords, choosing the adequate level of cover is of the utmost importance. Landlords insurance for students is usually intended to be fairly comprehensive, in order to ensure that any damages caused by student living will be covered as standard.
It should be also be remembered that by law, landlords have a legal responsibility to their tenants at all times, and will be expected to fulfil certain requirements and obligations. Typically, most landlord insurance policies that are intended for students will contain adequate cover. However, it does not usually apply to their personal belongings – this is the responsibility of the tenant. It is also recommended that most landlords include some type of legal liability insurance as part of their policy, as it will protect them from any claims being made against them by unhappy tenants in the event of a dispute.