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What Does Landlord Insurance Cover?

 


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Landlord Insurance is not required by law, but given the unstable nature of the economy today, and the blame culture that exists in modern Britain almost all landlords invest in insurance from reliable insurers, often using a broker to find the best deals. One of the main reasons why landlords fail to secure cover is due to the laborious and lengthy process involved in finding a competitive policy. Luckily, one trusted broker has an online quote system devised to provide a competitive quote in seconds.

Comprehensive Landlord insurance can include cover for the policy holder against three of the main unfortunate circumstances landlords might face. Firstly it can protect the buildings and contents of your property in terms of costs associated with damaged or stolen items. A well maintained, furnished and equipped property is worth more to a landlord as it means a higher rate of rent can be charged; it’s therefore essential to protect this investment.

The second area of cover concerns income if the property becomes uninhabitable following an event such as a fire, water damage or any other insured event. Comprehensive landlord insurance can help reimburse landlords for lost earnings in these circumstances under the Loss of Rent cover included in the policy.

This can provide a much needed level of stability for smaller scale landlords especially, as ordinarily their income relies solely on a tenant’s ability to pay.

Landlord insurance is essential for bigger landlords too. This industry leading broker can provide quotes to suit all levels of businesses, from single property caseloads to comprehensive commercial portfolios.

For those landlords with larger caseloads, insurance is important because with so many tenants and properties, problems with damaged contents, legal liability or lost rent are bound to arise.

The final main area of landlord insurance is property owners liability which covers you in respect of your legal liabilities in the event of claims or legal action being taken against you in your capacity as a property owner. Overall, this leading broker has a simple and easy to use online quotation system which can provide details of competitively priced policies that customers can purchase, update and amend online for total convenience. Don’t take your chances; invest today.

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