A guide to buy-to-let insurance | moneyfacts.co.uk

Moneyfacts.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfacts.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.

keys icon

An essential guide to buy-to-let insurance

If you’re a landlord and rent out a residential property, it’s essential to have the right insurance in place to protect your investment. 

Advertisement

Buy-to-let insurance

Renting out your property comes with a great deal of responsibility to ensure the safety of your tenants as well as protect your rental property. Therefore, if you’re a buy-to-let landlord, you should consider purchasing a specific landlord insurance policy rather than a standard home insurance policy. While it’s not a legal requirement to have this insurance, it provides peace of mind that if something was to go wrong you have protected your property investment.

 

Featured buy-to-let insurance providers

    • Available covers include: Building and contents cover, property owners liability, legal expenses & landlord emergency cover
    • Compare landlord quotes from some of the UK most trusted insurers
    • It’s simple to get quotes and protect your property investment
    • Insurance advisors available to over the phone to tailor cover & provide guidance
    • Excellent customer service rating
    • We guarantee to beat your new business or renewal quote from any other insurer (excl Landlord Emergency)+ 0% APR on instalments for the 1st year (over 18’s only). New customers only, subject to eligibility.
    • Voted Best Landlord Insurance Provider at the What Mortgage Awards 2013-2021. Join over 250,000 landlords who trust us with their insurance.
    • Our Landlord Emergency claims line is open 24/7 and no excess applies. Each claim is up to £1,500 (incl. VAT) with no limit on claims. Tenants can claim on your behalf so you can relax!
    • With Rent Guarantee, we’ll repay the unpaid rent while your tenants are still in the property, covering up to £250,000 per claim.
    • Add up to 15 properties on one policy, with one renewal date. Buildings (incl. Boiler Cover), Contents and Leaseholder’s Fixtures and Fittings covers available.
Note

Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment either if you click the links or if you use their services after you click through to their site. All information is subject is subject to change without notice. Please check all terms before making any decisions.

Disclaimer

The list of buy to let insurance providers on this page is a selection of services available and gives you an idea of the kind of options available. You can find out more about the individual products by visiting any of the providers listed. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts.co.uk will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts.co.uk recommends you obtain independent financial advice.

Insurance covers to consider

If you’re a landlord and rent out a residential property or have a portfolio of buy-to-let properties, it’s essential to have the right insurance in place to protect your investment. You need landlord insurance that is flexible enough to incorporate all the different types of cover you need and offer comprehensive protection in case something goes wrong.

Landlord buildings and content cover – to protect your assets

Buildings cover and contents cover should be at the core of your insurance policy, which could cover you in the event that your property is damaged or your contents are damaged or stolen. If you have added extra buildings to your property, such as a conservatory or shed, get in touch with your insurance company to make sure that your property is covered for the correct amount and you have declared any structures of non-standard construction.

You may also need to increase the sum insured on your insurance policy if you install additional fixtures at your property such as solar panels.

Loss of rent cover – covers lost income if your property is uninhabitable after damage

Loss of rent cover is designed to cover your income if your property becomes uninhabitable for your tenants because of unexpected disasters, such as a fire, a flood or storm damage. There are also options available for covering you for theft or malicious damage by tenants, which may cause you to lose out on rental income.

Property owners’ liability – for injured tenants or damage to their property

Property owners’ liability is a cover that can give financial protection in the event that there is a large compensation claim against you following an injury on your premises that is deemed to be your fault.

An example of this would be if a slate tile fell off the roof and hit your tenant’s car, you could be liable to pay for the damage, which could be substantial.

Commercial legal protection – to protect your rental property if you take legal action

Legal protection is an insurance cover that will help you to cover the costs of legal action, whether this is because someone is taking action against you, or you are defending yourself. Unfortunately, there is little that can be done if a tenant doesn’t pay you rent or decides to destroy your property outside of taking them to court, which can be an expensive process.

Employers’ liability – to protect your employees

If you employ anyone to maintain, clean or concierge your property, whether this is full time, part time or freelance, you will need to have employers’ liability insurance. The only circumstance that you may not need employers’ liability cover is if your employee is a member of your family.

Employers’ liability is designed to protect you from any claims made by an employee who injures themselves while carrying out work for your company.

Related mortgage guides
guides icon
Reviewed: Santander Mortgages

Looking for a great mortgage deal? Santander may be on your radar. Here’s everything you need to know about Santander mortgages to decide if it could be an option for you.

Looking for a great mortgage deal? Here’s everything you need to know about Santander mortgages to decide if it could be an option for you.

Read More
guides icon
How to save for a house deposit?

A guide to saving for a house deposit.

Read More
guides icon
What happens to your debt when you die

Here, we take a closer look at what will happen to outstanding mortgage and lifetime mortgage (a type of equity release) debt and any loans, credit cards and similar unsecured credit agreements you have, and how you can prepare accordingly.

We take a closer look at what happens to outstanding mortgages, debt, loans and credit card and other credit agreements and how you can prepare accordingly.

Read More

Search mortgages

Cookies

Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy