Insurance - standard buildings only v landlords

questionss

Hi,

I was just wondering what the difference is between Landlord's insurance (that I keep seeing mentioned on here) and calling my own insurers to inform them that the property will be let & converting to a buildings only policy?

I am letting my property whilst I live overseas - I have done this before but at a different house; last time I just called my insurers and they changed my policy.

Thanks

kingstreet

The difference?

Most insurers won't allow you to let using a standard residential policy. They will want to convert you to landlord insurance, if they offer it, or to terminate your cover if they don't.

questionss

So it doesn't include anything else above buildings cover - that's fine. I've not called my insurer yet (& it's a different one to last time so they may not cover me) - last time it was really straight forward and they were happy to cover me.

Just wondered if it covered extra things. Once we get contracts signed I shall get it sorted.

kingstreet

I suggest you download a landlord's buildings insurance policy schedule and compare it with what you currently have so you can see the difference.

questionss

I will do that anyway, especially if my own buildings insurance won't cover a let property - I just I wondered if there was something obviously different in all Landlord policies, rent cover for example would be lovely