Landlord Content Insurance

Landlord content insurance

Landlord content insurance might seem like a slightly strange concept to some people, as contents cover is typically associated with tenants and their belongings. But landlords who are in the residential lettings market may be particularly familiar with the idea of protecting any property they have added in as a finishing touch to make a property extra special. Use our landlord insurance online quote quote to get a great landlord insurance quote.

Even just adding a few carpets to a home involves an investment, and this then means what you have spent is at risk if there is a fire or if it suffers accidental damage. What's more, a traditional buildings cover policy which you might already have on a structure may well not cover something like this.

You may also want to add in a content element on top of a buildings policy at a later date, perhaps having decided to include things like pictures, sofas, dining tables, and maybe even one or two electrical items in a property in between tenants, to make it more popular. In such circumstances you can simply contact your current insurer who will probably be prepared to add on a contents element to your existing buildings cover deal.

Policy limits

It won't surprise you to know that landlord content insurance is not terribly dissimilar to a traditional contents cover policy. It typically involves insuring the contents up to a maximum amount, and many insurance companies operate a minimum and maximum, perhaps £5,000 to £50,000, for example.

Additionally, landlord property insurance besides protection against theft, fire, flood damage, and all the usual possible circumstances, you can often get accidental damage cover, meaning that expensive carpet is protected if a tenant happens to spill a glass of wine on it, for example. While anyone living in a home may well want to get contents cover for their own belongings, it is also always worth bearing in mind what you may have spent in furnishing a property, particularly if you have perhaps made a joint outlay in making a number of homes in a portfolio more attractive.

You may also want to consider looking at providers who offer a new for old policy, where the basis of settlement involves replacing the article new, ie providing a payout which would pay for the cost in full for a coffee table damaged in a fire, up to the value as if you bought it new, for example.

Remember also that a landlords contents policy may normally apply to 'white goods' meaning the likes of washing machines, fridges and tumble dryers that you may buy for a new property you are planning to offer on to the market. It can be a good move to get contents protection in place before adding these things in - an empty, as-yet unlet house with new electrical items could be a target for thieves.

Landlord building insurance is therefore more relevant and important than some property investors may have at first thought, and can be bought to cover a range of properties, possibly across a whole portfolio, as is the case with a buildings cover deal for a landlord.