Do I need Landlord Insurance? Buy-to-let calculator: how will new tax reduce 2 months ago   01:37

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If you are letting out your property, then you may need Landlord Insurance. In this short video we explain why you need landlord insurance and what it covers.

LANDLORD INSURANCE

Why do I need Landlord Insurance if I’ve got Home Insurance?

If you’re a Landlord, then you’ll need specialist insurance to make sure you’re covered against insured losses connected with rental properties.

Otherwise, if you’re renting out your property and something happens

Your home insurance provider may refuse to pay your claim

Leaving you to foot the bill

Ok, so what’s the difference?

Not only does Landlord insurance cover the basics like fire and flood damage

It can pay to have your tenants re-housed if the property can’t be lived in

You also get Public Liability cover, in case your tenants get injured or damage occurs to neighbouring properties, and legal action is taken against you.

Plus you can also extend the policy to cover malicious damage by your tenant,

For example if they deliberately tear out the pipe work and sell it, run a cannabis farm or vandalise the property

You can even get insurance for multiple properties on just one policy

And what about repairs?

When choosing your insurer for your building, check to see if the policy includes breakdown cover for your boiler

And as long as it’s not due to wear and tear,

You will be covered under a Direct Line landlord insurance policy.

The buildings part of your policy will also include cover for built-in equipment like bathrooms and kitchens

and you can include contents as part of your landlord insurance,

Which will cover equipment like fridges and washing machines which you may have left in the property for tenants to use

Comments 1 Comments

Huxley Berg Studios
Very informative and sophisticated! Thank you!
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Buy-to-let calculator: how will new tax reduce Do I need Landlord Insurance? 2 months ago   02:06

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George Osborne unveiled a shock tax change in 2015 which will remove landlords’ ability to deduct the cost of their mortgage interest from their rental income when they calculate a profit on which to pay tax.

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