The most important insurance for landlords to maintain a rental income for a property even if the tenancy was to go wrong. Similar to home insurance this policy is designed to aid landlords in buy to let investments by protecting them from many different eventualities.
Similar to an individual there is buildings insurance (Landlords insurance) designed around landlords and buy to rent properties protecting the landlords if the building was to be victim to damages such as flooding or fire damage and would pay out for repair work and building work if the damage required this.
Landlord contents insurance is also available, similar to individuals content insurance this covers the landlords buy to let property if furnishings are left in here such as sofas and cooking appliances, this cover will not cover the tenants own goods which they have bought into the property as they will need to get a separate individuals policy.
To protect landlords also is the Landlord liability insurance policy, which covers the landlord in the event of the tenant being injured, and the landlord is being held responsible. Additional features, which can be applied, consist of rent guarantee insurance, covering against loss of income from unreliable tenants. Legal expenses cover, covering any legal dispute costs and home emergency cover protecting the property if the gas electric or water was disrupted which covers and costs or repairs aiding the landlord in getting the problem fixed quickly.
This is a very important policy for all Landlords so getting the right one is key, Open Vision advisors have been supplying many different landlords with the correct policy for some time now helping landlords further increase there rental income.