Landlord Insurance

englishdesi

Hi All,

I am thinking about renting out my flat and was wondering what kind of insurance I need ? The management company advises buildings insurance is included in the ground rent.

Do I need Landlords Contents insurance at all ? I am currently debating on leaving the property furnished or unfurnished.

Can anyone recommend any good insurance ? as the lettings agent as recommend their own at £70 a year.

English Desi

slowfastcars

You need a landlord insurance policy to cover you, some times called a buy-to-let insurance policy. You can get cover for both furnished and unfurnished property, ask the insurer for details... basicly even if your property is unfurnished you could need cover in case of fire damage (including cover for the loss of rent income during repair), as well as 'Legal Expenses' cover (usually optional) in case you have to take your tenants to court for non payment of rent while still in occupation of the property.

Here's a link to a list of phone numbers of some decent landlord insurance companies..

Endsleigh.................0800 028 3571
Direct Line................0845 370 4237
More Than ................0800 294 2416
Quoteline..................0870 066 7500
Simply Business ......0845 602 3165
Legal & General.........0800 092 9922
Tesco.......................0845 300 9900
NatWest....................0800 051 0562

ask them about the cover they would provide for this on both furnished and a non furnished policy


hope this helps