Landlords Insurance Protects Your Property

coverage when obtained as part of a let property insurance policy will protect the structure against damage resulting from the usual insurable events that standard insurance covers, but it also includes protection against malicious and avoidable damage.

Contents insurance can be added to the building coverage, which will protect a landlord’s contents against deliberate as well as unintended damage. Even if your tenants aren’t willfully destructive, they are still less likely to treat your belongings with the same regard they would their own and, depending on the type of tenants, might be unconcerned about taking part in possibly damaging activities such as holding out of control parties. Contents insurance will pay to replace damaged items, such as kitchen & bathroom fixtures, carpets, curtains and any other items that belong to the landlord including appliances and furniture. You might not be especially attached to the contents you own inside your let property, but the cost to replace them would soon add up to a considerable amount, and having contents insurance will save you from having to bear the cost.

It must be reiterated that insurers will not honour claims made on building or contents coverage unless the policy is especially for a let property, since landlords insurance takes into account the fact that the owner is not in residence, whereas standard home insurance doesn’t. 

Of the other coverage options available under