Landlords Insurance Obtain the Correct Cover
Landlords need to protect themselves and their property, normal property insurance is very different from Landlords insurance and will not cover you.
Insurance for landlords
When you live in a property regular house insurance is all you need, however, as soon as you start to rent out property you will need insurance that covers more, a property owners liability will be much more suitable and can cover not only for damage to a building but also your income from property, it will also cover financial loss from a liability claim being successfully brought against you.
Property owners liability can also cover multiple properties so if you have more than one they can all be covered under one policy.
Do you need landlord's insurance?
It's not a legal requirement to have it, in fact, the only insurance you may need that is a legal requirement is employer's liability and only of course if you employ anyone. That being said unexpected events could have serious financial implications and end up costing a lot more.
The insurance cover you need will be discussed with you by your adviser and the correct cover options will be applied to each individual, once you're happy that the cover protects you sufficiently then the adviser will approach a number of UK insurers to obtain the most competitive premium they can arrange.
Why ask FML to broker your insurance?
Cover options will be discussed with you by one of our advisers, options will normally depend on the underwriter/insurer who will issue the policy, the adviser will also tell you their recommendation and let you know the differences between the policy options offered. Our landlord's insurance advisers have years of experience insuring property of all types and their owners.
FML Insurance Services have access to many of the UK's leading underwriters of real estate insurance products and are able to offer you very competitive landlords insurance quotations from a wide range of ABI approved insurers, ensuring you will have sufficient cover in place, whether it's for one property or your entire property portfolio.
Insurance you will need
- Property owners' liability
- Employers liability
- Property damage all risks
Examples of optional cover
- Loss of rental income
- Legal expenses
- Terrorism cover
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