Legal & General Landlord Insurance

Legal & General Landlord Insurance

Legal & General landlord insurance provides the essential cover to protect your rental property. Still, it excludes landlords who rent to housing associations, local authorities, DSS tenants, students or any properties located in Northern Ireland.

For any homeowner considering letting property as a source of income, it is important to find the best possible form of landlord insurance.

Legal & General landlord insurance will provide financial protection in the following areas:

• Loss of rent insurance
• Home emergency cover
• Optional accidental 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 easier. To compare 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 the cover usually available in a landlord insurance policy provides structural cover and rebuild costs for the property.

Landlord Content insurance

This cover is for items such as furniture and white goods you provided. However, if you let a property as furnished, it will not cover any of your tenant’s items.

Landlord Liability Insurance

Liability insurance can help cover your legal costs if a tenant decides to enter litigation with you for various reasons, such as making 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 a period if this happens.

Landlord Emergency cover

This will cover the cost of emergency repairs following incidents that need to be resolved quickly, like a gas leak or securing a property after a break-in. This level of cover can help you get a qualified tradesperson to fix the issue 24/7, 365 days of the year.