Do I need landlord insurance?
We help you identify if you need landlord insurance and what the right cover is for you
Landlord insurance is not a legal requirement, but a conventional home insurance policy simply won’t cover you for the higher risks associated with renting out your property.
If you let to tenants without dedicated landlord insurance, you could find yourself out of pocket if your property is left non-tenantable by tenants due to an insured peril - for example something like a kitchen fire putting the kitchen out of use.
If this happened, due to the lack of facilities the property would be considered uninhabitable and therefore you would lose rent.
Also, mortgage lenders usually ask landlords to take out a specialist landlord insurance policy as part of the agreement.
So, in answer to the question, ‘Do you need landlord insurance?’, if you rent out your property then we strongly advise that you take out landlord insurance.
It is designed to protect you, your property, and your tenants. Without it you risk your investment, you risk falling foul of the law and you risk the wellbeing of your tenant.
Absolutely
Not sure
No, I believe it's an unnecessary expense
