Unoccupied property insurance

If you’re a landlord, you could consider protecting yourself and tenants in the properties that you rent out.  

The cover available with landlords insurance includes many similar types of protection usually provided by a home insurance policy, such as buildings and contents, to protect you in the event of a range of circumstances. It also provides additional cover for the extra risks that can arise when renting a property out to tenants. 

Cover available as standard on a landlord insurance policy, which may not be available on your standard home insurance, can include: 

- Loss of Rent: Insurers can pay for the “Loss of Rental Income” during the period of time the property remains unoccupied as a result of an insured event such as, lightning strike, storm, flood or fire. 

- Property Owner’s Liability: this can cover a landlord if they employ a person to carry out regular tasks such as maintenance, gardening, cleaning and caretaking duties. 

1. Buy to Let Landlord Insurance 

2. Property Portfolio Insurance 

3. Unoccupied Property Insurance 

4. Commercial Landlord Insurance 

5. Holiday lets 

To find out more about policy options for your business, get in touch with us.

Loss of Rent insurance comes as standard with our landlord policies. We may also be able to extend cover to include alternative accommodation. Alternative accommodation cover could be of interest to you if your r tenancy agreement stipulates that you will provide alternative accommodation for your tenants if your property becomes uninhabitable.  

Landlords who employ one or more people to look after their property, such as gardeners, janitors and cleaners, should be aware that they may be liable should anyone be injured as a result of their work whilst on the premises.  

You may be required to have employers’ liability insurance. This provides cover for employee injury. For more information on whether you are required to have it, visit Employers' liability insurance - GOV.UK (www.gov.uk).  

Rent defaults can happen, which is why Rent Guarantee insurance may be an appealing option for landlords who want to ensure they’re covered if they have unpaid rental income. 

Evictions can take some time, during which time you may not be receiving any rent. Landlord Legal Expenses cover can provide financial support for legal expenses, as well as providing legal advice.

Rental property emergencies can not only affect your premises, but also the safety of your tenants. By taking out a landlord insurance policy, you can also have access to Landlord Emergency Solutions.  

This extended policy provides 24-hour protection against emergencies which expose your property or contents to damage, compromised security, or cause a health and safety risk to your tenants. It allows both you or your tenants to report an emergency event — such as damage or complete failure of your property’s external locks and windows, or failure of the main heating system.  It will then enable you to quickly arrange for professional help to come to your aid and get things back to normal as soon as possible. 

If your building is in a high-risk area, such as a city centre or by an airport, then you may want to consider taking out terrorism insurance to protect your assets should the worst happen. This can help towards any financial losses incurred in the event of a certified terrorist attack.  

It’s hard to say without knowing the facts, but we know how important it is to understand your unique requirements. Get in touch with us to discuss your options.