What is Landlord’s Insurance?
When you rent out your property, it is important to ensure the safety of your tenants and your property both.
The landlord’s insurance is a line of protection for the homeowners who use their property for renting purposes. It covers landlords in the unfortunate but insured events in which their property or tenants are at risk. In addition to the usual inclusion in a home insurance policy such as fire and theft, the landlord’s insurance covers you against the rental problems and tenant’s lease issues.
The landlord’s insurance usually covers
- Events of tenant’s rent default
- Unintentional damage to the property
- Vandalism, theft or burglary
- Damage due to natural calamities
- The legal expense incurred in the eviction of a tenant
- Medical or legal costs of liability or personal injury
It is important to understand that every landlord’s insurance policy is different from the other. While some of them may not cover all the events listed above, the others may also cover additional benefits like the insurance of contents. At Enusrance Compare, we enable landlords to find a policy that fits their property and individual circumstances without spending a penny or wasting time. Taking off as a comparison website aimed at benefitting consumers, we have been striving to decrease the time and cost it takes to find the perfect landlord’s insurance policy.
Choosing from 100+ insurers across the UK, we connect with top insurance companies that provide landlord’s coverage to find the best deals and exclusive discounts that you may not find at other websites.
How Can We Help You?
According to insurance experts, the homeowners must compare at least 3-4 insurance quotes before purchasing. Comparing Landlord’s Insurance Quotes can help them save up to £200*. However, comparing and finding the right landlord’s insurance policy is a challenging task. From going through the insurer’s website to know if they offer discounted landlord insurance to filling forms to get quotes, the whole process is and time-consuming. Once you have multiple quotes, it is another tough job to compare their features and pricing.
To the relief of homeowners, Ensurance Compare takes away all the hassle and makes it convenient and quick for you to compare quotes. Within a few minutes, our insurance experts and the automated system work together to find you the cheapest Landlord’s Insurance Quotes. We believe in value for money for each of our user.
How Ensurance Compare Works to Compare Landlord’s Insurance
Keeping the demands of the landlords in mind, Ensurance Compare has developed a sophisticated and comprehensive automated rating system for comparing Landlord’s Insurance Quotes. Our comparison system takes into account various features including your details, property, and circumstances along with the preference for coverage. Using this information, we get quotes from top-selling insurers with a high volume of sales as well as a cost-effective home and landlord insurers.
Classifying the quotes according to the price and their premium, we compare features of the quotes against its price, preparing results in an in easy to understand rating format. From best value quotes to the cheapest quotes, we explore every option to bring you the best.
Depending on your individual circumstances and preference for coverage, some of the features for comparison are, coverage for
- Damages from natural disaster or calamities
- Damages caused by malicious intent
- Damages caused by vandalism/ theft
- Personal injury or liability due to an accident on the rental property
- Legal expense in case of personal injury liability
- Legal expense for forced eviction
- Clearing the property or removal of tenant’s contents from the property
- Expense for re-letting after rental loss
Why Use Ensurance Compare to Compare Landlord’s Insurance Quotes
Ensurance Compare is just the right formulae to take away your insurance woes and replace them with exclusive rewards. Unlike our competitors, we only work for our customers. Our aim is to maximise your coverage at the lowest possible premium free of cost. But, that’s just not it. Ensurance Compare offers a bundle of great features, convincing you to keep coming back to us for every insurance needs be it car insurance, home insurance, or commercial property insurance.
Find & Compare Landlord’s Insurance Quotes
At Ensurance Compare, we give you an opportunity to build your landlord insurance quote instead of just finding the standard ones. With the information you provide, we can customize the insurance policy according to your needs and circumstances, searching for the lowest premium from 100+ insurers. If you are looking to build your landlord’s insurance policy with Ensurance Compare, you can do it in two easy steps.
We need some details about you and your property to customize the quote according to you. In the first section, you will need to answer some basic question about your property including the type of property, a number of bedrooms, occupation of tenants, building postal code, total estimated worth of the property, year of construction and its ownership. Along with this, you will need to choose the type of cover you prefer for the building. You will also need to provide your own details such as name and contact number. You can also choose the options of email and SMS to help us keep you updated about the latest trends or changes in the premiums.
By accepting the Ensurance Compare’s terms and conditions, you are taken to the results screen where the top value quotes are displayed along with Multi-Car Insurance premium, coverage and contact link of the insurance company.
Is Landlord’s Insurance a Legal Requirement?
If you are living in the UK, is it necessary for every landlord to invest in the insurance before renting out the property? No, it is not necessary for renting the property and the landlords can rent out the property without its insurance coverage. However, if you have hired an employee to manage your rental property, it is a legal requirement to own an insurance with a liability cover. For example, if your employees are injured during an accident at your property, your Landlord’s insurance policy will cover his medical and legal fees.
Why Should You Get Landlord’s Insurance?
If the landlord’s insurance is not a legal requirement, why should people invest in it? Because it is the first line of defense and strong protection in the events of financial losses due to damages. Landlord’s insurance can help you claim the damages and liabilities. Even though every policy differs from the other, it provides you with a specific level of protection.
Damage due to tenant’ misuse
What happens if the tenant does not use your property properly and there are considerable damages due to misuse? It can have included dirty walls or broken windows. The best landlord’s insurance will help you claim the damages.
Personal Injury and Liability
In case a person is injured on your rental property due to the flaws in the construction, you may be liable to pay the medical and legal fee for recovery. A comprehensive landlord’s insurance will pay for medical and legal fees of the tenant or any the person injured in the incident.
Loss of Rentals
In case your tenant is not paying you rentals because he is recently unemployed or is declaring bankruptcy. A Landlord’s insurance will help you claim the rental loss and also pay you the fee of finding new tenants.