If you’re renting out your property then you need to check with your provider that your home buildings insurance will still be valid. Usually, you need to take out a specific landlord insurance policy, which can include buildings insurance, landlords’ contents insurance and property owners’ liability insurance.

Do you pay building insurance if you rent?

If you’re renting a property, you don’t need buildings insurance because this is a type of policy designed to protect the building itself, which is your landlord’s responsibility.

Do I need home insurance as well as landlord insurance?

In general, a conventional home insurance policy won’t be enough for a landlord. Home insurance won’t cover your rental activities, so for a landlord, dedicated insurance is usually essential.

Do you have to have insurance if you rent out your home?

If you’re renting out your home, it might not be covered by home owners insurance, so look into landlord insurance instead. Maybe you’re moving up to a bigger home and holding on to your former residence as a rental property. Or maybe you’ve tried to sell your home without success.

Do you need insurance for a flat if you are a landlord?

If you don’t own a flat and are still unsure if you need insurance for your property read why you need landlord insurance cover. When we imagine becoming a landlord, we generally think of buying and letting out a house that we own outright and are entirely responsible for.

What happens if I don’t have insurance for my apartment?

However, if you don’t have insurance that covers your flat or apartment, you may not be covered if your tenant is injured and you’re found to be at fault. Say, for example they trip on a loose carpet, or a tradesman you hired is injured on the property. A legal claim could be taken out against you.

What kind of insurance do I need for my flat?

Legal expenses cover, rent guarantee and home emergency cover are also available and are as valuable to a leaseholder-landlord as they are to a landlord who owns their property outright. To make sure you have the right insurance for your flat, give us a call on 01603 216399 or get a quote online. We’d be happy to help.