As a landlord there are a number of risks that you face regarding the property which you rent to tenants. Property owners’ insurance, also known as landlord property insurance, is designed to include building and contents cover (or contents only where you are a leaseholder.) It can also cover your liability as an owner, provide cover for loss of rent and protect you against malicious damage by tenants.

Assuming you are the freeholder, your building cover will be calculated on the cost of rebuilding your property, if it was destroyed or extensively damaged. If you are a leaseholder, then the lease owner would normally arrange the building cover.

The amount of your contents cover is calculated according to the value of the contents you provide as a landlord. Your tenants would be expected to insure their own contents.

Property owners’ insurance is available for property owners with 1 to 30 properties in their portfolios and can include flats, as well as houses.

You may be an established landlord, with portfolio properties, or an ‘accidental landlord’ who is renting out a property which you have inherited. Perhaps you have moved in with a partner and have an empty property which you have begun to let out.

Whatever your circumstances, the property that you rent is a valuable asset and requires protection. Also, because you have strict liabilities as a landlord, you need to protect yourself against the costs of a tenant making a claim against you. Finally, it makes sense to arrange insurance cover for tenants who do not pay their rent.

It’s important to tailor property owners’ insurance to ensure that you match your risks and meet your insurance needs, A broker can help you to do this. At Andrew Bull Insurance, our broad experience of property owners’ insurance enables us to package the right policy for you. And because we deal only with reputable, trusted insurers, you can be confident of the quality of cover that we arrange on your behalf, at the right price.