Home Insurance for Rental Property – What Landlords Need to Know

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Learn why standard home insurance isn’t enough for rental properties and discover the best landlord insurance options.

If you’re renting out a property, standard home insurance won’t provide full protection. You need specialist landlord insurance to cover risks like tenant damage, unpaid rent, and liability claims. Whether you own a single rental or multiple properties, the right policy ensures financial security.

Why Standard Home Insurance Isn’t Enough for Rental Properties

Regular home insurance is designed for owner-occupied homes, meaning it won’t cover rental-specific risks. Many insurers may even void your policy if you rent out a property without informing them.

What Does Home Insurance for a Rental Property Cover?

✔️ Buildings Insurance – Covers structural damage from fire, floods, and storms.
✔️ Contents Insurance – Protects furniture and appliances in furnished rentals.
✔️ Loss of Rent Cover – Compensates for rental income lost due to property damage.
✔️ Tenant Liability Cover – Protects against tenant injury claims on the property.
✔️ Legal Expenses Insurance – Covers eviction costs and disputes.

Do You Need Home Insurance for a Rental Property?

While it’s not legally required, many buy-to-let mortgage lenders insist on landlord insurance. Without it, you could be left covering major repair costs or legal fees.

Types of Rental Property Insurance