Something we get a lot of enquiries about is Landlord insurance: If you rent a property out, your building and its contents probably won’t be covered by normal house insurance because you’re not living there. Having landlord cover in place will protect you should your property be damaged or there is a fire.
Also, if your property has a buy-to-let mortgage your bank or building society might request you to have building insurance. The policy should cover the cost of rebuilding your property if something disastrous were to happen. Sometimes this cover is called 'let building insurance' or 'rental building insurance'.
Think about whether you would need more than just building insurance for your rental property. If you are including furniture and appliances for your tenants, you might choose contents cover too. Tenants might not take such good care of your three piece suite, dining table or carpets as you would.
A useful thing about landlord insurance is that you can include protection against loss of earnings due to an insured event such as fire. You might also want to look for additional cover in case you can’t find a tenant for a period of time. If you use comparethemarket.com to look at the options you can choose your coverage level including buildings cover, rental income cover, public liability insurance and legal expenses cover. So give it a try - compare landlords’ buildings insurance to understand your options.
If you’re not a landlord but run another kind of business we can still help you.