What is landlord insurance?
Like any form of insurance, it is a safety net.
Landlord insurance generally covers events that cause loss of rental income,
accidental damage, theft & as much as we don’t want to think about it they
will cover malicious damage.
Quick note about building insurance.
It is very common to get building insurance and landlord insurance confused,
the difference being Building Insurance protects against damage to the
property’s structure. Should you require more information in relation to
building insurance please feel free to send us a message.
Why Is landlord insurance important?
Landlord insurance is important for several reasons such as the following.
Your renter leaves without giving notice, intentional or accidental damage
caused by your renters, or your property becomes uninhabitable due to an
unprecedented event occurring such as a fire or a burst pipe.
Why do I need landlord insurance?
It ensures you can manage the risk of being out of pocket if your rent you are expecting
doesn’t get paid, or your faced with a situation such as the ones I have
mentioned above.
You have that security knowing you will be covered for any events that may arise.
You may never make a claim, or you may make many, don’t take the risk.
And most of all, it gives you peace of mind
Please note the information given above is general in nature. You should consider whether the information is appropriate
to your needs, and where appropriate, seek professional advice from a reputable insurer.