Getting the Best Landlord Insurance Policy for You
By Crowthorne Insurance on Sep 23, 2020 10:30:00 AM
There are many risks that come with being a landlord and owning a rental property. Therefore, landlord insurance is a must for anyone looking to let out their property. Having insurance is essential, as it will cover yourself, your tenants, and the property itself if anything goes wrong.
What is Landlord Insurance?
Landlord insurance protects landlords from risks that may come with owning a rental property. As a landlord, there are plenty of things that can go wrong when renting out your property. Without insurance, you’ll have to pay the bill when this happens, which can be an expensive ordeal.
Different Levels
You may be wondering what landlord insurance covers for you? Different providers will offer different levels of insurance, so it’s important to do your research first. Firstly, you should take out buildings insurance. To decide the level of buildings insurance you should take out, first estimate the rebuild value of your property. This is not the same as market value – it’s how much it would cost to rebuild the property from scratch.
You may want to take out additional contents insurance if this is not included in the initial insurance policy. To work out contents insurance, think about how much it would cost to replace all the furniture and other items you provide to your tenants. Making sure you estimate these costs accurately is essential, or you may not be fully covered if you need to make a claim.
Add-Ons
With many policies, you can add optional extras to make sure the policy covers exactly what you want. Most policies include buildings insurance plus property owners’ liability insurance. You can add on insurance for loss of rent depending on the type of cover you’ve chosen. Accidental damage insurance can cover the cost of repairing your property if an accident occurs. You can also choose to add on rent guarantee, home emergency cover and key care insurance. Also consider if you require Subsidence and Terrorism cover as they are not always automatically included but can be added.
If you’re looking for landlord insurance, Crowthorne Insurance can help. We are insurance specialists and can help you get the best deal. For years we have been on hand to support landlords with insurance policies and point them in the right direction. For more information, contact us today.
- April 2025 (1)
- March 2025 (1)
- November 2024 (1)
- October 2024 (2)
- September 2024 (1)
- July 2023 (1)
- June 2023 (1)
- June 2022 (1)
- March 2022 (2)
- February 2022 (2)
- January 2022 (2)
- September 2021 (1)
- August 2021 (5)
- July 2021 (2)
- June 2021 (2)
- May 2021 (2)
- March 2021 (2)
- February 2021 (2)
- January 2021 (2)
- December 2020 (2)
- November 2020 (1)
- October 2020 (3)
- September 2020 (2)
- August 2020 (2)
- July 2020 (2)
- June 2020 (1)
- May 2020 (2)
- April 2020 (3)
- March 2020 (2)
- February 2020 (2)
- January 2020 (5)
- December 2019 (3)
- November 2019 (3)
- October 2019 (1)
- September 2019 (4)
- August 2019 (4)
- July 2019 (7)
- June 2019 (4)
- April 2019 (3)
- March 2019 (3)
- February 2019 (1)
- June 2010 (1)
Subscribe by email
You May Also Like
These Related Stories

Landlord Insurance Explained: What You Need To Know

Why Should You Get Shop Insurance For Your Bike Stock?

No Comments Yet
Let us know what you think