Landlord insurance

Landlord insurance isn’t usually a legal requirement. But it can help with some of the costs you could face when renting out a property.

For example, if your rental property is damaged or someone makes a claim against you because you’re the property owner, landlord insurance can help cover costs you might otherwise have to pay yourself.

Standard home insurance may not cover a property that you rent out. And if you have a buy-to-let mortgage, your lender may ask you to have buildings insurance in place. Check your mortgage terms to see what insurance you need.

Yes. Home insurance is usually designed for the home you live in. landlord insurance is designed for residential properties that you rent out.

It can insure your building, fixtures, fittings and landlord contents. It also includes property owners’ liability as standard, which can help if someone makes a claim against you. You can add optional insurance for things like loss of rent, rent arrears and certain legal costs, too.

The price of landlord insurance depends on your property, how you let it and the insurance you choose. Things that can affect the price include:

• The type of property.
• Where it’s located.
• How much it would cost to rebuild.
• The optional insurance you choose.
• Your claims history.
• How many properties you insure.

The easiest way to find out how much your landlord insurance could cost is to start a quote.

Yes. You can insure up to 10 residential properties under one landlord insurance policy when you buy online.

You could also save up to 17.5% on residential property premiums when you insure more than one property. How much you save depends on the number and type of properties you insure.

See if you can save

The rebuild cost is how much it would cost to rebuild your property from scratch if it was damaged beyond repair.

It isn’t the same as the market value. The market value is how much your property might sell for. The rebuild cost is how much it would cost to rebuild it.

When you get a quote, we ask for the rebuild cost to help work out how much your building needs to be insured for.

Yes. You can get landlord insurance for properties let to students with up to five separate student tenancy agreements.

Landlords to student tenants have a £2,500 excess for malicious damage.

Insurance for student landlords can help with the cost of insured damage to your property and includes Property Owners’ Liability as standard. You can also add optional insurance depending on your property and how you let it. 

Your local authority may require you to have an HMO (Houses in Multiple Occupation) licence for your student let. If you’re required to hold an HMO licence, you will need this for your insurance to remain valid.

HMOs that aren’t let to students cannot be covered.