If you’re a landlord or are considering becoming a landlord, you need to be aware of landlord insurance and thinking about how to protect your property and financial interests. There is always a risk of damage to a property, which can be heightened by renting it out to strangers, even if you are vigilant about checking references. Of course, any property can be damaged by an unprecedented accident, this may be a weather related flood/damp or an incident that damages the building over which you have no control.
Landlord’s buildings insurance protects your financial wellbeing as a landlord and provides a level of peace of mind that you simply cannot achieve without it being in place.
Landlord buildings and contents insurance differs from regular house insurance as it legally protects your investment whilst allowing tenants to reside in your property. As a landlord you face different risks than you would as a homeowner who lives in their property and your mortgage provider will require evidence that your landlords buildings insurance is in place. Do note, a rental property, covered by an ordinary residential policy, is not protected.
At Millennium Finance we specialise in helping landlords invest in property in order to build capital wealth and income streams. Protecting property investments with the right Landlords Insurance policy is essential.
A typical policy would protect against:
- Accidental or malicious damage caused by tenants
- Public liability up to £5 Million
- Rent guarantee
- Eviction of squatters
Legal expenses covered
We can help you select an insurance policy which not only protects your property from fire and theft, but also from additional risks of renting.
Click here, to arrange a meeting with one of our team who will discuss your insurance needs as a landlord and for help investing safely in property. We are available via Phone, Email or simply complete the form and an advisor will call you back.
