When taking out landlord house insurance you are protecting two vital things, the building and yourself.
Becoming a landlord is a risky business and there are many things that could put your property and your investment at risk, so it's vital to safeguard your buy to let assets with a suitable landlord house insurance policy.
So what are the main elements that landlord house insurance cover provides?
Landlord house insurance for your building
The buildings insurance included in a landlord house insurance policy covers just that - it covers the bricks and mortar of your investment if you will. For many people this is the main element they are looking for in a landlord home insurance policy.
Buildings cover provides protection for the potentially high costs that you might incur if you had to repair your property because it was damaged or destroyed.
Typically, landlords buildings insurance applies to a property's structure and the permanent fixtures and fittings. These will be protected from a number of eventualities with Simple's landlord home insurance, including fire, smoke damage and flooding damage, as well as from burglary.
Landlord house insurance for you
The personal liability element of landlord house insurance is designed to give you cover should your tenants or a tenant suffer an accident at the property and you become legally liable to pay them compensation as a result.
In some ways this can be more important than the buildings insurance because legal costs that arise from an accident claim can be quite high.
Other useful protection offered by Simple's landlord house insurance can include Loss of Rent cover (should your property become uninhabitable for your tenants) and Accidental damage cover that can help with damage caused by your tenants.
Get a landlord home insurance quote today and see how much protection you can enjoy with Simple.