Landlord Insurance – the lowdown
Renting out your property long-term can be a great way to bring in money, and can enable investment in property. However, to protect your investment or building, it’s essential to have a landlord insurance policy in place. Specialist cover provided by this type of policy can include:
· Liability coverage which protects against injuries to guests on the property, and any associated medical or legal consequences of that.
· Loss of income coverage for when damage or required repairs mean you’re not able to gain rental income from your property for a period of time.
· Comprehensive physical & personal property coverage protects against structural damage caused by natural events, and covers home maintenance apparatus and appliances.