Frequently Asked Questions

- What is landlord insurance?
  Landlords are confronted by many risks on a daily basis. From ensuring your property is in top condition, to dealing with a plethora of tenant-related issues, there are many reasons why being insured is absolutely vital.
  Whilst landlord insurance is not a legal requirement, most buy-to-let mortgage providers will require you to have it in place in order to get approved.
  Landlord insurance can cover a wide range of things, with policies that cover buildings and contents, outbuildings, accidental damage caused by tenants, malicious damage caused by tenants, loss of rent cover, and more. With a broad set of policies in place, your insurance can help to protect you from the inherent risks that come with being a landlord.
- What does landlord insurance cover?
  You can create a policy that is as simple or as detailed as you wish. A standard landlord insurance policy is there to protect you from financial losses as a result of damage caused by any number of things.
  Landlord insurance can cover the following:
  - Buildings and contents
  - Fixtures and fittings
  - Loss of rent due to a tenant not paying
  - Loss of rent due to the property being uninhabitable after damage
  - Storm, flood, and fire damage
  - Subsidence
  - Pet damage
  - Malicious or accidental damage caused by a tenant
  - Legal costs resulting from a claim
  This is not an exhaustive list, as there are many unique properties and situations that may require a more detailed policy. It is best to chat with a broker about your requirements so they can design a bespoke policy that covers your unique issues.
- How much does landlord insurance cost?
  It is hard to speculate on a standard price for landlord insurance due to the many caveats. The nature of the property itself, such as size, structure, materials, and historical significance, can all influence the price you will pay for your insurance.
  In order to find the best possible deal, it is important to shop around and to know that the first quote you get is unlikely to be the best one. Comparing quotes from a range of providers is the best way to ensure you are getting a good offer.
  In general, the average cost of insurance could start at around £230, however this will increase depending on your property and the breadth of your policy coverage.
- Why do I need landlord insurance?
  Simply put, landlord insurance is your protection. The financial pitfalls that could occur if you are not insured may be enormous. Liability rests with you should you not be covered with a policy that will pay out in the event of any of the aforementioned issues.
  Of course, losing rent whilst also paying out for repairs could leave even the most experienced landlord in trouble. Fill out our form and let Compare Landlord to get quotes from a huge range of dedicated landlord insurance brokers and find the right deal for your needs.