Residential Property Owners Insurance
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Residential Property Owners Insurance
- Self-Managed or Agency Managed Properties
- Single Properties or Property Portfolios
- Buildings Only or Buildings & Contents
- Liability and Legal Cover
- Rent Guarantee
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Residential Property Owners Insurance – sometimes referred to as Landlord’s insurance or buy to let insurance – is different to home insurance (when you live in the insured house) in a few subtle but important to note ways.
While home insurance and landlord insurance are similar, they are classed differently because landlords receive an income through their rental property, or its unoccupied and a different type of risk.
Nevertheless, the residential property owners insurance core cover will insure the building itself from fire and damage, with contents cover optional depending on the landlords moveable possessions in the property (e.g. white goods).
Landlord Insurance additional cover:
- Liability and legal cover – protection if your tenants are injured in your property(s)
- Rent protection – income guarantee if the property is vacated due to fire, flood or major damage
- Alternate accommodation cover – if your tenants need to live elsewhere while your property is being repaired and you are liable for the cost of this accommodation
Contents insurance – for the landlords moveable objects such as white goods or a fully furnished property
Do you need it? The simple answer is “yes”.
If you are renting out your property to tenants, or it is currently unoccupied, you need landlords insurance. A home insurance policy is invalid cover as it is not fit for purpose and many buy-to-let mortgage lenders will insist on a valid landlord insurance policy.
Hallsdale Insurance use our panel of residential property owners insurers and your core cover will include property owners liability and buildings insurance as standard.
Using Hallsdale Insurance to provide your Residential Property Owners Insurance gives you two distinct advantages.
- We are landlord insurance experts and source these policies for buy-to-let properties in all counties throughout the UK.
- Our expertise gives us close relationships with a large panel of leading property owners insurers, ensuring we can provide the very best policy for your requirements.