Landlord Liability insurance
No matter how safety-conscious you are or how secure you make your property, accidents can happen. By definition, if you are liable for something (maybe an accident or injury has occurred as a result of damages in your property), you may be legally obliged to compensate the person affected.
Landlord liability insurance could protect you financially, it may be able to help you pay the legal costs you would incur as a result of a claim, and if you were found to be at fault it could also pay for the claimant’s compensation award as well as their legal costs. Landlord liability insurance could protect you from a number of unfortunate circumstances arising in your property. Some examples of these include:
- If your tenant or a visitor was to become injured as a result of your property being unsecure.
- Protection if someone working at your house is injured or has an accident
There are two main types of landlord liability insurance. These are public liability and employer’s liability insurance:
- Public liability cover - ensures that you would be covered in the unfortunate event that anyone who visits your property, whether they are members of the public, customers, tenants or clients, sustains an injury You would be covered for medical and legal expenses.
- Employer’s liability cover – If you have employees working on your rental properties such as; cleaners, gardeners, handymen or property managers a standard landlord liability insurance policy may not cover you for liability. As a result you may also need to take out employer’s liability cover to ensure you are covered.
If you are looking for landlord liability insurance, there are an array of landlord insurance quotes out there that could benefit you. Take your time and read each policy carefully to make sure you get all the cover you need, by shopping around thoroughly before you take out your policy you can ensure you find the most appropriate policy for your specific circumstances. Using the table above you can follow the links to a range of quote providers for landlord insurance.