Landlords Insurance

Buying a property to let is becoming very popular. Whether it’s an individual who is renting out their second home, or an ambitious property tycoon with a portfolio of several houses and apartments, the common theme is the need to purchase landlord’s insurance.

Please call us today on 028 20762353 to receive a quote for landlord’s insurance. It would be helpful if you have the following details to hand:

• Postcode and Sum Insured for property
• Use of property: long term rental, holiday home
• Type of tenant: Professional/Working/Student/DHS etc
• Cover required: Standard or Accidental
• Details of any previous claims

As a landlord, you’re using property as an extra source of income. A normal home insurance policy is not sufficient if you are taking income from a property, so a residential landlord policy is required. Should any damage occur to the property, you are protected against the financial consequences.

Landlord’s insurance will pay out under several conditions, for example: if a fire in the property means the tenants have to move out, then the insurance would pay for both the repairs to the property, plus the rent that you are missing out on while the tenants are absent.

What happens if you fall out with your tenants and want to evict them? If you purchase ‘legal expenses’ cover as part of your policy, then all costs accrued in fighting any resulting legal battle are compensated.