Landlord Liability Insurance

 Landlord liability insurance can help you pay for the potentially high costs of a claim. Many providers include liability cover as part of a standard landlord insurance policy. However, you should check thoroughly to see what each policy does indeed cover you against.

Landlord Liability insurance

No matter how safety-conscious you are or how secure you make your property, accidents can happen. If you are liable for something (maybe an accident or injury has occurred due to damages to 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. If you were found to be at fault, it could also pay for the claimant’s compensation award and their legal costs.

Landlord liability insurance could protect you from several unfortunate circumstances arising on your property. Some examples of these include:

• If your tenant or a visitor was to become injured due to your property being insecure.
• 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, handypersons 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 the employer’s liability cover to ensure you are covered.

If you are looking for landlord liability insurance, there are many landlord insurance quotes out there that could benefit you.

Take your time and read each policy carefully to ensure 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.