Landlord liability insurance

Landlord liability insurance (also known as ‘property owners’ liability cover’) isn’t a legal requirement, but can sometimes be made mandatory by your mortgage provider or letting agency, if you use one. It’s also a pretty sensible cover to consider, as injury and damage claims can run into tens of thousands of pounds, depending on the severity of the accident, or the value of the property involved.

Remember, your cover level is the maximum amount an insurer will pay out for a claim. Property owners’ liability insurance claims can be very high, which is why our cover levels start at £2 million. You can select up to £5 million in cover if you need, and this will depend on your property, tenant, and overall risk profile.

Some commercial landlords will be required to take out a specific level of cover, often by their local authority. Check your obligations and our commercial landlord insurance options to find the cover that fits your situation.

This will depend on your specific circumstances, the type of property you’re renting out, your tenants and various other factors. Right now, our landlord policy prices start from £13.61 per month.

This price is for building and £2 million property owners’ liability insurance only – 10% of customers paid £170.45 or less annually in 1st Jan – 31st May 2024. Equivalent to £13.61 a month (and excludes the extra costs for paying monthly). If you complete a quote, more types of cover will be available, including up to £5 million of property owners’ liability insurance. These all have additional costs.

Home insurance is required when you want to insure the home you’re living in against accidental loss or damage.

Landlord insurance is different – it’s required when you own a property that you rent out to a third party, and don’t live in yourself. It covers different insurance risks from a home policy, taking into account the type of tenant you rent to and how long you’ve owned the property. It also allows you to insure the property and protect yourself against things like loss of rental income, and malicious damage caused by your tenants.

You can add a range of other important covers to your landlord insurance policy, all while keeping it simple with a single premium and a single renewal date. You might consider these covers:

• Rent guarantee insurance
• Landlord home emergency cover
• Landlord legal expenses insurance
• Content insurance
• Tenant default insurance
• Accidental damage
• Fixtures and fittings insurance
• Loss of rent insurance
• Landlord boiler breakdown cover
• Landlord insurance

If you’ve provided furniture and other contents for your tenants – maybe even a TV or art for the walls – your property is known as ‘furnished’, and protection is key for most landlords. You can buy contents insurance as part of your landlord insurance policy, just add it when completing your landlord insurance quote.