What is landlord insurance?
If you’re renting out a property to tenants, whether it’s a single residential property or a large commercial premises, it’s important to make sure that you’re fully protected.
A policy will provide cover to protect the landlord’s buildings, contents or both against a range of perils such as fire, flood, theft and malicious damage. Optional accidental damage insurance will further protect your buildings and/or contents against accidental damage caused by you or your tenants.
When you obtain a quote you’ll usually be able to choose additional landlord cover depending on the type of property you’re looking to insure, such as home emergency cover, legal cover or employers’ liability insurance.
While insurance isn’t compulsory by law, it may be a requirement of your mortgage or loan provider to make sure you have landlord buildings insurance in place.
What types of property will landlord insurance cover?
Rental properties come in all shapes and sizes, so it’s important that you find an insurance policy that meets your needs.
It’s likely that if you’re looking to insure a buy-to-let property to residential tenants, your requirements will be different to a landlord with a large commercial property portfolio, or a landlord with a non-standard rental (such as an unoccupied property).
So what types of property can you obtain a landlord insurance quote for with Endsleigh?
Residential properties are rental properties that are let to residential tenants under a tenancy agreement. They are often houses, flats or maisonettes, and may be let to student or non-student tenants.
Commercial properties are rental properties that are let for business purposes to commercial tenants. Commercial premises are used by many different types of business and vary in size from shops and restaurants to leisure centres and factories.
Multiple properties or mixed portfolio
Some landlords may have multiple residential or commercial properties, a mixed portfolio of both, or a single property which is let to residential and commercial tenants (such as flats above a shop).
Non-standard properties are specialist rentals such as holiday homes, buildings of a non-standard construction or unoccupied properties. Rental properties that are affected by subsidence or liable to flooding are also likely to require specialist insurance cover.
Blocks of flats
A landlord or management company may own all of the flats or apartments within a single block or complex, and wish to insure them on a single landlord insurance policy.
Frequently asked questions
We have over 25 years' experience in the rental property market, we can find you landlord insurance for any type of residential or commercial property.
We work closely with leading specialist insurers including Zurich, AXA and Ageas to provide you with flexible insurance options that are tailored to suit your needs.