As a landlord, it is advisable to be protected financially, in the event that your property is damaged. It is, therefore, recommended that you inform your insurance provider that the building or property you are insuring may be rented or leased to tenants.
Certain insurance providers will allow you to claim the following as a landlord:
There are numerous things that could go wrong if you’re renting your property out to someone, and Landlord Insurance protects you financially in the event that your rent income is lost or you need to replace or repair a damaged item. If you are a landlord looking into a Buildings Insurance policy, remember to consider the above while doing your research to find the right policy to suit your needs. It may also be advisable to discuss the different options available to you with a certified financial planner.
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