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Landlords
Insurance Guide
Landlords Insurance or Buy-to-Let Insurance as it is sometimes
known as is essential if you are renting out a property. Polices
will typically cover your property in much the same way as
Buildings Insurance (see our Home
Insurance Guide) but also gives you additional
protection such as third party liability insurance and in
the case of Landlord Insurance polices through Lets Insurance
the policy also covers the fixtures of your property such
as carpets, curtains, light fittings, fridges, freezers, dishwashers,
washing machines, dryers, cookers and microwaves etc.
Landlords Insurance is especially designed to provide household
insurance where you are a private individual and the property
that you own is rented out under a single tenancy agreement.
The Buildings Insurance aspect of the policy means your property
is insured up to a maximum of £300,000. Contents
are insured up to a maximum cover limit of £40,000
if the property is rented out on a furnished basis. If the
property is rented out on an unfurnished basis, contents are
insured up to a maximum cover limit of £10,000.
Subject to the standard policy conditions (and sum insured
limits), you are covered if your buildings and/or contents
(where selected) are damaged by:
• Fire, smoke, explosion, lightning or earthquake
• Riots, civil commotion, labour and political disturbances
or strikes
• Malicious damage, vandalism, theft or attempted theft
• Storm or flood
• Impact or collision
• Subsidence or heave
• Escape of water or oil
You have a choice of Insurance options including:
• Buildings only cover
• Buildings & Contents combined
Why do I need a separate policy from my existing Home
Insurance policy?
Traditional Home insurance policies will not cover properties
which are being rented out or used to make an income. This
means that an adequate Landlords Insurance policy is essential
to protect you interest and the interest of any mortgage lender.
Can one Landlords Insurance policy cover more than
one property?
No, you must take out separate landlords Insurance polices
per property. Landlords Insurance through Lets Insurance restricts
the number of properties you own and insured to five.
However if you are ready to get your Landlords
Insurance Quote, simply click the Icon Below
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