If you are one of the two and a half million landlords in the UK, do you know everything you need to know about landlord insurance? Have you got the right coverage? And do you know how much landlord insurance is?
What type of insurance do I need as a landlord?
Landlord insurance is not a legal requirement, but it is definitely recommended. Mainly because conventional home insurance won’t cover you for rental activities.
By renting out your property, you increase your level of risk because you are not the one living at the property – your tenants are. So landlord insurance is more about covering the risk of things like non-payment of rent or damage by tenants, as well as what a ‘normal’ home insurance policy would cover.