The type of landlord insurance you need depends on the risks you want to insure. Buildings insurance and property owners’ liability insurance are important covers for most landlords, and contents insurance is useful if your property is furnished.
Buildings insurance is an important cover to start with, as it can cover the cost of repairing or rebuilding the rental property if it’s damaged by something like flooding or vandalism.
If your rental property is a flat and you’re not insuring the whole building, you can get fixtures and fittings insurance instead, to cover things like the fitted bathroom or kitchen.
If you provide your tenants with furniture then contents insurance may also be a good idea.
Property owners’ liability insurance is important too. It can cover compensation claims made by a tenant or visitor for injury or damage that they believe has been caused by your property.