What is landlord’s insurance & do I need it?
Important to note; we are not insurance advisors and our opinions are purely that.
In our opinion, landlord insurance should cover accidental as well as malicious damage done by a tenant, visitor or event this will ensure you are covered if anything unexpected happens. It should also include Owners Liability, which will protect you against claims made by a tenant against a landlord as a result of a personal injury. These claims are rare, but if they happen and you aren’t covered, you can risk losing everything.
Here are some things you should look for:
- Are you covered for personal injury to the occupant
- Are you covered for loss of rent
- Are you coved for accidental damage
Don’t be afraid to ask, it’s your future!