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Tenant take out building insurance rather than get landlord insurance

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  • greatcrested
    greatcrested Posts: 5,925 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    As explained, mad. Cutting corners on insurance is pointless. Might as well not insure.
    Is there a mortgage? The lender will require you to have proper LL's insurance in your name. (Plus of course you'll need their consent to the letting too).
    Now read
    Post 7: New landlords (1):advice & information :see links in next post

    Post 8: New landlords (2): Essential links for further information

  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It's a straight business expense with you running a BTL business.
    Your lender will require you to have Landlord insurance in place.
    I believe Direct line offer LL insurance with legal cover and rent payment protection in case the tenant stops paying.
    You MUST serve your tenants with an EPC of the property, EICR, GSC Pat testing and Right to rent checks, How to Rent information, deposit protection scheme and information for tenants leaflet. 
    Join the NRLA 
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