Landlordís Insurance? - why bother? ( !! )
As a landlord, you need to protect your property investment. Normal home / house insurance policies are not valid when you are letting the property. You need a residential landlord insurance policy. This applies whether you are a private individual letting out a single flat, or a property company with multiple properties.
With the correct landlords property insurance in place, you are protected against most of the financial consequences of problems relating to your property.
For example: Landlordís insurance would pay you should the following happen:
Why am I not already covered under my normal home insurance?
If I have several properties,
can I buy a multi-property insurance policy?
How do insurers calculate the premium for Landlordís Insurance?
What is the Buildings Sum Insured (BSI)?
Ensure that you do not understate the BSI since should it come to making a claim, the insurers will reduce the amount that they pay you in proportion to the amount you have underestimated.
Ashburnham (quotes from panel of insurers by Ashburnham Services)