A common misconception is that home insurance is adequate cover for rental properties, however, in order to protect your investment and earning through your rental property, it is important to have the appropriate level of landlord’s insurance.
If you let your property through an agreement with the DSS, local council or housing association, then another level of property owner insurance is required to cover the building, liability for the property owner and contents provided by the owner for the property.
Rates can vary depending on the level of agreement you have in place, so if you are confused by the level of cover that you need for your property, speak to the experts at Compare Insurance, who can help to find the best rates for the necessary coverage.
To rent out a business premise, such as an office, shop or industrial space, as a property owner it is vital to protect your investment and earnings. Buildings cover keeps the physical property protected in the event of malicious damage, as well as natural causes such as floods and storms as well as unforeseen events such a fire and burst pipes.
Depending on the type of commercial property you own and how your business operates there are many options to add to your property owner cover such as contents cover if you supply and fixtures and fittings or employers’ liability cover if your employee suffers injury or sickness within your commercial property.
To cover holiday homes and second homes, you will need the right level of landlord insurance covering the UK and abroad to suit your property type and its use; whether you use the property yourself or rent it out. Holiday home insurance can give you many benefits, such as protecting your home when living abroad or emergency travel expenses.
While every property is different, property portfolio insurance can help to cover your whole portfolio giving peace of mind and protection for your properties and your tenants. Property portfolio insurance can be tailored to suit all of your needs and can be adapted to suit the buildings as they age.