As a landlord your aim is to generate an income and obtain capital appreciation through your property investments. It is a lender’s requirement to protect the asset. It therefore makes sense that you should try and protect your investments against unexpected incidents and events.

What would happen if one of your properties suffered from flooding damage and became uninhabitable for 2 months whilst builders carried out repair works? How would you fund repair works and cover the loss of your income? Furthermore, if a tenant fails to pay you rent on time how will your borrowings or a mortgage be settled? Worse still, what if a resident suffers serious bodily injury due to an unsafe staircase?
As a landlord you have a legal responsibility to provide a safe living environment. Failure to do so could leave you facing a financially crippling public liability claim.

Buying landlords insurance is the best way to protect your property portfolio and provide you with peace of mind should anything go wrong. By having a policy in place, you will be protected against any unforeseen financial consequences.