This guide explains the main types of landlord insurance in general terms. It is not advice about which policy is right for you. Always read the policy documents before you buy.
Why ordinary home insurance may not be enough
Home insurance is usually designed for a property you live in yourself. If you let the property, check whether your existing policy still applies. Many mortgage lenders also require buildings insurance as a condition of a buy-to-let mortgage.
The usual types of cover
Buildings cover pays to repair or rebuild the structure after events such as fire or flood. Contents cover protects furniture and appliances you provide, not your tenants' belongings. Property owner's liability covers claims if a tenant or visitor is injured because of the property. Loss of rent can pay the rent you lose while the property cannot be lived in after an insured event. Some policies also offer legal expenses or rent guarantee cover.
Properties that may need specialist cover
Holiday lets, houses in multiple occupation (HMOs), empty properties and blocks of flats often need specialist policies, because the risks are different. Tell the insurer exactly how the property is used.
What to check before you buy
Check the rebuild value used for buildings cover, the excess you would pay on a claim, whether unoccupied periods are covered, and any conditions about tenant type or inspections.