When landlords compare house insurance quotes they are looking at a variety of additional factors compared to those of a typical house owner.  Their household insurance needs to take into consideration the associated risks involved in allowing strangers to live in their property.

Landlord’s buildings insurance will cover them from damage to the property as well as some extras, such as protecting them if the rent is not paid and the tenants leave without warning.  Some policies can provide 12 months of protection from loss of income if the tenant leaves or if the property has to be repaired due to damage caused by a tenant.  If the property becomes uninhabitable for any reason, your tenants can be provided with alternative accommodation while the necessary repairs are carried out. 

The landlord’s buildings insurance will not cover the tenant’s possessions as it is their responsibility to arrange their own home contents insurance, but some contents cover may need to be provided if the landlord has furnished the property with items such as carpets, curtains or kitchen equipment. 

Liability is another aspect of landlord’s insurance that will need to be taken into consideration.  Some tenants may make a personal injury claim against the landlord and the household insurance will need to cover this.

Cheap landlord insurance is fairly easy to find, particularly if you are a landlord of some years standing and have made few, if any, claims.  It is a good idea to use a price comparison website to find the best deal with the most comprehensive cover.