Landlord's Insurance
Letting Residential or Commercial Properties?
Insurance for landlords letting Residential and Commercial Property - Insurance cover for landlords is vital in today's litigious society. Protect your investment and your business by obtaining the best property and liability insurance for lettings.
Insurance for Letting Residential Property
Insurance for Letting Commercial Property
There is no law which says you must carry insurance as a landlord, or as a tenant, but you'd both be very foolish not to.
As more and more people let properties, policies have developed to cater for the landlord's needs and cover can often be extended just as required to cover almost any conceivable letting eventuality
It is normal practice for residential landlords to insure the building and their own contents and additional risks and to pay for this - residential tenants normally do not pay for the building and other risks insurance, but they should take out insurance to cover their own contents and possessions and should consider cover for additional risks.
It is normal practice for business or commercial landlords to insure the building and claim the premium payments from the tenants - business tenants normally pay for the building insurance.
Commercial landlords also need additional cover such as public liability and employee liability. They may also take out loss of rent and legal expenses cover.
Never rely totally on this information which relates primarily to England & Wales. Before taking action or not, seek expert advice with the full facts of your case and all documents to hand.
