Landlord Insurance UK

Landlord insurance UK

If you are thinking of becoming a landlord or are one already, then landlord insurance UK cover is something that you may want to consider.

Regardless of whether you are planning to rent out your property for residential or for commercial purposes, there are a number of points that you may want to think about when it comes to ensuring that it has an adequate level of insurance cover.

If you have a property that you intend to rent out for residential purposes you may be tempted to use your existing home insurance. This is inadvisable for a number of reasons

Your liabilities as a landlord of a commercial property (and this includes residential lettings) are very much greater than those of a simple homeowner. If someone is visiting the property and is injured by a falling slate for example then it is the landlord who may be liable to pay any subsequent third party claim for damages.

Empty properties

Home insurance policies may not cover the property when it is vacant for long periods of time such as during renovations or between tenancies. Many policies may lapse if the property is vacant for periods of longer than one month. Others may specifically exclude the use of the property for commercial purposes and this would invalidate any claim. You could also find it may be very difficult to get insurance elsewhere if you try to misuse a policy.

Landlord insurance UK cover can provide you with protection against these eventualities and many others specific to the needs of landlord. In addition to basic building insurance against fires and floods etc, this can include third party cover, multiple occupancy, cover against malicious damage by a tenant, landlords contents insurance and cover for fixtures and fittings etc. Block policies are also available for those landlords with multiple properties or blocks of flats.

Commercial landlord insurance UK policies are available from specialist providers who provide cover specifically tailored for both residential and non-residential use. It may be worth contacting them to find out what they can do to offer you that precious additional protection and peace of mind.