A great number of insurance firms provide landlords a specific insurance package to cover against a series of unforeseen difficulties.
It is vital for the landlords to arrange an insurance which is obtainable through countless letting agents, but can also be organized individually. It is the landlord’s obligation to organize building insurance and to insure the furnishings of the property that are included on the inventory.
However, it is also the tenants’ responsibility to have contents insurance to safeguard their own furniture and belongings.
Types of Landlord Insurance
- Contents insurance to cover the vital items on the inventory
- Buildings insurance to cover any major repairs or renovations of the property
- Liability insurance to cover specific matters such as personal injuries claimed by the tenants
- Loss of rent insurance to cover building work or any damages, which could make your property un-rentable for a quite a period of time
Table Of Contents
- Landlords Home Letting guide Intro
- Responsibilities Of A Landlord
- Landlords and Houses In Multiple Occupation
- Letting A Room In Your Own Property
- Contracts With The Tenants
- Pros And Cons Of Hiring A Letting Agent
- Landlord Letting Insurance
- Tenancy Deposit Schemes
- Evicting Tenants
- Difficulties That May Arise With Tenants