Landlord Insurance
WE operate a special landlord policy which is specifically geared to the interests
of landlords, buy-to-let owners or management companies.
This service is tailor-made for you if you rent out property for commercial use
or if you are a landlord who has a combination of commercial and residential properties.
There are different types of landlords ranging from property tycoons to people renting
out a second home.
They have one thing in common.
The need to purchase landlords insurance to protect their investment.
As a landlord, you are using your property as an extra source of income – and this
needs to be protected.
A normal home insurance policy does not operate when you are taking an income from
the property.
A residential landlord policy is what is required.
If you have the correct policy you know that any damage caused to the property is
protected against the financial consequences.
Landlord’s insurance would pay if:
- Your property is massively damaged by a fire. Your policy would pay for all repairs
but also recompense you for the rent you lose by not having tenants during this
period.
- Your tenants stop paying the rent and refuse to leave the property and
you are forced to take them to court to get them evicted to collect rent owed.
-
You have purchased the “Legal Expenses” cover as part of your Landlord’s insurance
policy then all of your costs accrued in fighting the court case would be compensated.
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