Legal & General landlord insurance will provide financial protection in the following areas:
- Loss of rent insurance
- Home emergency cover
- Optional accidental damage and malicious damage by tenants cover and/or legal expenses, rent guarantee and eviction of squatters cover.
- Multiple properties can also be insured under one policy
The landlord insurance market has a diverse range of products from various providers; therefore it may really be worthwhile to shop around before you take out a policy to find the most suitable one for your specific needs. You can get quotes and apply for landlord insurance over the internet, making finding a suitable policy much easier. To compare some different landlord insurance plans you could use the above comparison table.
Types of landlord insurance
When thinking about taking out a landlord insurance policy you should consider what features you would specifically like to find a level of cover you feel comfortable with, types of landlord insurance include:
Landlords Building Insurance
The most minimal level of cover usually available in a landlord insurance policy just provides structural cover as well as rebuild costs for the property.
Landlord Content insurance
This cover is for items such as furniture and white goods you provided if you let a property as furnished, it will not cover any of your tenant’s items however.
Landlord Liability Insurance
Liability insurance can help cover your legal costs if a tenant decides to enter litigation with you for various reasons for example if they make a personal injury claim.
Loss of Rent cover
If an accident occurs which means you cannot rent out the property you will likely lose some of your rent, this cover may be able to continue to pay you your rental income for period if this happens.
Landlord Emergency cover
This will cover the cost of emergency repairs following incidents that needs to be resolved quickly like a gas leak or securing a property after a break-in. This level of cover can help you to get a qualified tradesman to fix the issue 24/7 365 days of the year.