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- LANDLORD'S INSURANCE
Landlord's Insurance
Home Minders recommend that specific Landlord’s insurance is taken on every let property to provide maximum protection to landlords. A typical policy should provide the following features:
- Contents insurance on a “new for old” basis and including accidental damage subject to a £500 excess
- Landlord’s liability insurance up to £5 million for any one claim
- Loss of rental income following insured damage to the property for up to 20% of the building’s value or up to £10,000 for leasehold flat owners
- Rent guarantee cover up to £25,000 - optional
- Unoccupied properties are fully covered for up to 60 days between tenancies
- Legal expenses up to £50,000 - optional
Home Minders is happy to recommend a broker who can provide a policy that contains all of these features.