As a landlord you have a legal responsibility to your tenants to ensure insurance cover is provided on any rented property you own.
This definitely applies to buildings cover but may also apply to the contents of the property if you are letting it out furnished.
Items such as kitchen appliances, carpets, curtains and lighting all need to be taken into account when considering the replacement costs of any damage caused by your tenants.
Why do I need landlords insurance?
A regular domestic insurance policy will not extend to cover rented property so it’s important to make sure that you are dealing with a broker who specialises within the property industry and offers comprehensive cover.
This way you can relax knowing that should any damage occur you are protected against the financial consequences. This in turn allows you to concentrate on more important things such as the running of your property or expanding your existing portfolio.