As a landlord, your rental property can be a great asset. But if your unprepared or just plain unlucky, it can also quite quickly become a financial burden.
Landlords Insurance can provide cover for your investment against the following:
- Loss or damage – Caused by fire, flood, leaking oil or fallen trees
- Accidental or malicious damage – Caused by tenants
- Unpaid rent
- Legal disputes – To pursue or defend claims involving a breach of your tenancy agreement
- Alternate accommodation for your tenant – If the property is made uninhabitable due to an insured event
- Home emergency cover
In addition, multiple properties can also often be covered under one policy with a discount applied based on your portfolio size.