Landlords need to protect themselves, and their property, standard property insurance is very different from Landlords' insurance and will not cover you. Property owners' liability typically covers damage to your property, loss of income, malicious damage by a tenant and of course, should a liability claim be made against you it will protect you against financial loss.
When you live in a property regular house insurance is all you need, however, as soon as you start to rent out a property you will need landlords insurance that covers more. Property owners liability will be much more suitable and will provide cover not only for damage to a building but also your income from the property; this will cover your financial losses from a successful liability claim made against you.
Landlords insurance may also be arranged to cover multiple properties providing the insurance you need in a single landlords insurance policy
Frequently Asked Questions