Living
4 min read
Whether you are operating a property management empire or renting out a single house for extra income, you will want to know more about protecting your assets.
Here we answer the questions you may have about landlord insurance and help you understand whether or not you really need it.
From nightmare tenants to missed payments, landlord insurance covers rental owners for the wide range of unpredictable factors you may face. It provides protection for your earnings and material assets.
Landlord insurance is designed to protect the rental property owners from financial losses connected to their rental. This includes building insurance which covers property damage and can be extended to cover equipment breakdown, landlord’s contents and even cover for losses of rent.
A Landlord insurance policy can cover you for the risk of liabilities as a property owner.
Liability insurance for landlords is a type of public liability insurance. It covers you in the case of a member of the public (including tenants) injuring themselves on your property or damage caused to property belonging to someone else.
So you know what landlord insurance is, but do you need it?
While it may not be required by law, your mortgage lender may require that you have landlord insurance.
It could also be true that your tenancy agreement requires financial responsibilities from you, which puts your financial future at risk without the cover provided by landlord insurance.
AbbeyAutoline can help you to take the risk out of renting with cover that is based on your needs and requirements.
Whether you own one property or an entire portfolio our packages are tailor-made to tackle the specific problems you face while only paying for the cover you need.
If you’d like to find out more about landlord insurance, our expert team will be happy to help. Get in touch on 08000 66 55 44 today.
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