Landlord Buildings Insurance is an insurance policy that covers the costs of repairing or rebuilding a property if it is damaged due to certain events, such as fire, theft, storm damage, or floods. Buildings Insurance typically covers the structure of the building itself, any permanent fixtures and fittings inside the building, and sometimes even outbuildings like sheds and garages.
Choosing Buildings Insurance
It is important that landlords purchase the right type of insurance, as some policies may not cover all risks associated with renting out a property. Different levels of coverage are available, and it’s important to consider what types of risks you want your policy to protect against when choosing a policy. For example, if your tenants have expensive items in their rental property, you might choose to purchase a policy that includes cover for contents as well.
Landlord Buildings Insurance is often taken out as part of a combined landlord insurance package, which can also include cover for public liability and rent protection. This type of policy is designed to give the landlord peace of mind knowing that they have an insurance policy in place to protect their investment.