Landlord Insurance

It’s best to come prepared when looking to get a landlord insurance quote. Here are some things you’ll probably  need to provide:

• Your name, contact information, and address
• The property address and details (date it was built, rebuild cost, construction details, flood history and signs of subsidence)
• Tenant details (type of tenant and length of agreement)
• Rental income
• Number of properties
• Claims history
• Amount of contents to cover

Landlord building insurance is the part of landlord insurance that protects the structure of the building. It’s usually one of the most important parts of your policy because it covers the cost of repairing or rebuilding the structure of the property following an insured event.

Building insurance for landlords isn’t a legal requirement, but it might be a mortgage requirement, if you have one. Outside of this, building insurance is usually strongly recommended on a rental property to protect your investment should the worst happen.

Landlord contents insurance protects any furniture, appliances, or other insured items that you provide to the tenant during their tenancy. Contents insurance for landlords in the UK usually covers accidental and malicious damage, plus a range of other circumstances, like fire and floods.

You can usually choose whether you want to include contents insurance in your landlord insurance. You’ll probably want to include this cover if you want financial protection for any fixtures, fittings, and furniture being provided to tenants. Although contents cover terms will vary between insurance providers.

Landlord contents insurance is not compulsory, but usually strongly suggested if you are renting out a property with furniture, appliances, fixtures, and fittings. It ensures you are financially protected should anything happen to them.

Yes, you can. This is usually called multi-property insurance or portfolio insurance, and it can be beneficial to landlords with a portfolio of properties for a number of reasons.

For example, you’ll have just one policy to manage, one renewal date, and you might even save on costs when insuring everything together.

At Protect My Let, we can work with you to define which framework is best for you and your lets. Simply give us a call and chat to one of our specialists to explore your options.

The cost of landlord insurance varies depending on your property and the type of tenants who you’re renting to. We advise that your main priority should be to secure a policy that’s built around your needs and the specifics of each of your rentals, rather than just searching for a cheap landlord insurance policy. That’s so much more efficient than opting for an off-the-shelf solution where you could end up paying for pointless extras while missing out on the essentials.

That’s why at PML we make sure your landlord insurance is exactly what you require. And because we’ve been in the business for so long and our specialist team have a wealth of experience and connections, we can access exclusive deals to get you comprehensive cover if that is what you are looking for.

So rather than focusing your search around price, maybe switch to searching for the most reliable landlord insurance in the UK – to get the best cover possible.

To get a price with PML, talk to one of our experts. Don’t worry, we’re not about the hard sell – in fact, we’re much more likely to go off-script to find you a better deal.

The question you should be asking yourself is: ‘What would I do if I had an emergency at one of my rental properties?’

And the answer is always easier to come by when you have a solution in place.

It’s easy to add on landlord home emergency cover for only £86 when buying or renewing your landlord insurance. And it may make the difference between a small ceiling leak and a collapsed roof.

Here’s a snapshot of what our home emergency cover for landlords provides:

• 24/7 support – tenants can also make calls direct
• No age restriction on boiler cover
• No excess
• And much more!

You’re not legally obliged to have landlord insurance when renting your property. If you have a mortgage, arranging cover may be a part of your agreement. However, you should weigh up the risks that come with not having cover.

Could you afford to make repairs/replacements following accidental/malicious damage?

What if you need to pay legal fees following an accident or incident on your property?

Could you afford to repair/rebuild your property following a fire?

Landlord insurance plays a key role in financially protecting your investment.