Landlords Insured Risks

The importance of having the right insurance cover cannot be over stressed especially when some tenants don't bother with insurance at all.

The insured risks associated with letting or renting property can be substantial and quite different from normal household cover. It's easy to overlook some of the detail and you don’t always get what you think you pay for.

Keyplan can point you in the right direction for specific advice in getting good insurance in relation to your properties and its associated risks.

Landlords must always be aware of the substantial risks now posed by third party liabilities. A Landlord, like anyone operating a business, can easily find themselves on the wrong side of an expensive lawsuit in today’s very litigious society.

Its advisable to consider Property Owners Liability as an essential, with up to £5 million of cover against death, injury or damage to individuals on or near your property, for example: tenants, visitors and guests, meter readers, postmen etc. Ironically, it's this third party liability, the greatest risk to the landlord, which is often overlooked!