When Sainsbury’s landlord insurance was available they featured:
- Up to unlimited buildings insurance
- The option of increasing your cover
- No claims discounts
- Loss of rent while your property is undergoing vital repairs
- Insurance for high risk items
- Replacement of lost keys
- Accidental damage cover
As result you may wish to look for landlord insurance with similar features. The landlord insurance market varies greatly, so before you take out a policy it might be wise to consider what features are important to you and to shop around thoroughly to try and find the plan that fits your specific circumstances best, also consider the optional extras different policies might have to offer.
Types of Landlords insurance
There are different levels of cover available for landlords so it’s important to think about what level of cover you feel comfortable with
Landlords Building Insurance
The absolute minimum level is buildings insurance which will just cover the buildings structure. It may too pay for the rebuilding cost if an insured event happens which destroys the property.
Landlord Content insurance
If you rent your property as furnished then this will cover the costs of any damaged caused to the; carpets, sofas, TVs and other items that you provided, it may also provide cover from theft.
Landlord Liability Insurance
Liability insurance will cover you if one of your tenants goes into litigation with you for reasons such as personal injury.
Loss of Rent cover
If something accidently happens which damages or destroys your property causing you to lose rent then this insurance might be able to reimburse you the loss of rent, it may also pay for alternative accommodation for your tenants while your property is repaired.
Landlord Emergency cover
This will cover the cost of emergency repairs following incidents that need immediate attention like a burst pipe or gas leak. This type of insurance can help you get a qualified tradesman to an issue 24 hours a day 365 days of the year.