123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Real-Estate-and-Foreclosure >> View Article

General Information On Landlord Insurance

Profile Picture
By Author: Anthony Taylor
Total Articles: 29
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

If you are a landlord, it is necessary to have a landlord insurance to protect your property. It is the best way to safeguard your property at times of crisis or against any damages. You could recover the losses due to theft, fire, or flood quickly with an insurance.

There are certain things that every owner should know before opting for the landlord insurance. It covers your property against any damages including permanent damages. The insurance cost is calculated on the basis of several factors. Normally, the cost involved in re-building the property is taken into consideration.

To get a good deal, you can choose from a variety of insurance providers by comparing their quotes online. There are various types of covers available with them. You can choose a cheap cover that will provide maximum protection to your land or building and help to recover from any loss or damage. The insurance usually covers the following situations:

*Damage or loss due to fire, smoke, aircraft or malicious people.
*Damage caused due to accident to fixtures and fittings of the house.
*Other accidental damages ...
... caused by collision, explosion, lightning, riots, storm, subsidence, flood and the like.

Additional Coverage For Property Owners

Apart from the above situations, landlord insurance provides extra coverage like:

*Landlord Liability - If your tenants suffer any injury while staying in your property you are liable to pay them if they go for a claim. In such cases, landlord liability insurance will cover you against all the claims made by your tenants.
*Employers Liability - This cover is required if you have employees working in your property. If your employees are hurt or fall sick when at work and face some financial loss, you are liable to pay them if they go for a claim.
*Content Insurance - This covers all the contents or stuffs present in your property like furniture, antique items, paintings, carpets and the like.


Factors To Consider When Choosing A Landlord Insurance

If you are the owner of a property and wish to apply for insurance, you must consider certain factors when opting for a cover. These factors include:

*Type Of Tenant - The type of tenants you have rented your property can affect the policy's premium.
*No Claims Bonus - If you have a property which has been insured for sometime without any claims, most insurers will provide a discount for it.
*Area Of The Property - The area where your property is located will affect the policy's premium. If the property is located in the heart of the city, the premium rate is high. When buying a property it is better to buy in a less risky area.
*Excess - This is the amount which would affect the claim. By availing extra voluntary excess, it is possible for you to claim discounts on your policy.

A buy to let insurance is also required for your protection. To get the maximum protection for your property, make sure that your landlord insurance covers all the eventualities. You need to ask your insurer per your requirements. A good policy will cover the rebuilding of your property, your liability to tenants and public, loss of rent and so on.


This Information was supplied about Landlords Insurance by Gareth Owen. Visit us: http://www.letprotector.co.uk/ .

Total Views: 333Word Count: 564See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. Best Umrah Packages From Mumbai For A Peaceful And Affordable Pilgrimage
Author: Reliable Tours

2. Best Locations For Co-working Space In Bhopal In 2025
Author: Ajay Singh

3. 7 Features Every 3 Bhk Apartment Buyer Should Look For
Author: Metro

4. Civil Engineering Company Nigeria Stable Domes Redefining Excellence In Construction
Author: Stable Domes

5. The Future Of Real Estate Lies In Premium Properties In Hyderabad
Author: Sensation Infracon

6. Cultural Comforts: Indian Hospitality In Serviced Apartments
Author: Adopremium

7. Immobilie Verkaufen In Hamburg
Author: Steffen Mayer

8. What Is Fractional Property Ownership In Dubai? A Smart Real Estate Investment
Author: Icon Real estate

9. Reasons For Sharp Increase In Land Value In Nelamangala
Author: MBS Properties

10. 最好和最令人惊奇的 日本虚拟房产之旅
Author: jhomeclick

11. Best Tenant Placement Services For Apartments, Villas & Commercial Rentals | Property Handling
Author: prasanthi

12. Gk Construction Tirunelveli (pvt Ltd)-construction Company In Tirunelveli-architect In Tirunelveli-builders In Tirunelveli
Author: Mr.karthick

13. How To Take Benefit From Property Investment Opportunities
Author: Rick Lopez

14. Tulip Crimson Residences Sector 70 Gurgaon
Author: Tulip Apartments

15. Apcrda, Rera Approved Plots In Amaravati – Amaravati Investors’ Trusted Choice For Smart Real Estate
Author: pavankumar

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: