As a Landlord, what am I responsible for?

As a landlord you are principally responsible for the building’s insurance and for insuring your own contents. You are not responsible for the insurance of your tenant’s property.

Will my Insurers’ continue to provide cover if I let my property?

Most insurers will continue to provide your building’s insurance without any problems. However, your contents cover may be modified. Usually, your insurer will not provide cover for accidental damage or your excess will be increased as well as your premium.  You will rarely be covered for theft by the tenant. Most insurers will pay out if there have been signs of forced entry.

Are there other  ways I can protect myself?

There are several insurance policies on the market which are specifically designed for the Landlord. At Abacus Letting, we have indispensable ties with Homelet who provide a comprehensive package designed to minimise the risks associated with letting property for Landlords. Please speak to one of our negotiators if you are interested.

Building Insurance

Covers the rebuilding of your property following loss or damage caused by fire, aircraft, malicious persons (including tenants), accidental damage to bathroom fixtures and fittings, glass, lightning, explosion, collision or impact, falling trees and earthquake, theft by forcible means, subsidence, heave, riot/civil commotion, storm, flood, escape of water or oil leakage – plus loss of rent and your re-letting costs.

Contents Insurance

Cover for all of your contents on a new for old basis, for loss of damage caused by fire, aircraft, smoke, malicious persons (including tenants), lightning, explosion, impact, theft (by forcible means), subsidence, heave, riot/civil commotion, storm, flood, escape of water or oil leakage, breakage of mirrors and glass in furniture, replacement of locks following theft of keys plus loss of rent and your re-letting costs.

Legal Expenses

You may be unable to collect the rent, your tenants may damage or remove your personal possessions or, indeed, make changes to the house and its decorations. You may even be unable to regain possession of your house. This policy covers your legal expenses in disputes with tenants or illegal occupants.

Rent Guarantee

Total peace of mind for Landlords. If the tenant fails to pay the rent, the insurers will pay the rent you would expect from the property until vacant possession is obtained.

Please speak to one of our negotiators regarding the comprehensive Insurance packages we recommend. Remember, Insurance is not compulsory, but as a Landlord it is advisable to protect your liability.