Residential & Commercial Property Owners
Protecting your rental property
Property Owners' Insurance in the UK protects landlords and investors from risks like fire, flood, tenant damage, and liability claims, covering buildings, loss of rent, and public liability for rental properties, including HMOs or commercial spaces, under one tailored policy, unlike standard home insurance. Key coverages include Buildings Insurance, Property Owners' Liability (for injuries to tenants/public), Contents Insurance (for furnished lets), Loss of Rent/Business Interruption, and Legal Expenses, essential for safeguarding investments and meeting legal duties as an owner. Key Covers Included
- Buildings Insurance: Covers structural damage from events like fire, flood, storm, or escape of water.
- Property Owners' Liability: Protects against claims for injury or property damage to tenants, visitors, or the public (e.g., slip-and-fall).
- Contents Insurance: Replaces or repairs furnishings and items you provide in furnished rentals.
- Loss of Rent/Business Interruption:Reimburses lost rental income if the property becomes uninhabitable due to insured events.
- Accidental Damage: Covers unintentional damage by tenants or visitors.
- Legal Expenses: Covers costs for disputes with tenants or third parties.
Who Needs It?
- Landlords of single buy-to-let properties.
- Owners of Houses in Multiple Occupation (HMOs).
- Block of flats owners (often covering communal areas).
- Commercial property owners.
