Rental insurance is just one of the additional features you could purchase on your landlord insurance policy.
Other insurance cover you may want to consider includes:
- Contents insurance- if you have any items in the rented property that belong to you, you can protect them from damages with contents insurance cover.
- Buildings insurance- protects the structure of your property, the fittings and fixtures from damages including fire, water damage, extreme weather conditions, vandalism and theft.
- Emergency cover- this can cover you if your property needs immediate attention due to emergencies such as burst pipes or dangerous electric emergencies.
- Landlord liability cover- can protect you in the event that your tenants suffer injuries as a result of your property being unsafe. This will usually cover both medical and legal cover.
- Unoccupied property cover- if your property is unoccupied for any reason you may need insurance that covers you adequately from such things as vandalism, squatters, fire and water damage.
Landlord insurance with rental cover could protect you from the unexpected. If your tenants refuse to pay their rent or there is a dispute over making payments, rental insurance could cover your losses.
Because there are so many landlord insurance quotes on the market, it helps to look at a number of insurance providers and the policies they offer. Make sure you think about the level of cover you need and the premiums you are willing to pay.