Being a landlord can be an expensive business, and if you don’t have adequate cover in place, it could end up costing you a considerable amount to put things right if something went wrong.

Building’s insurance is one of the main types of cover that a landlord will need. It is important because it protects the building in the event of a fire, flood or subsidence and covers the rebuilding costs of the property. Investment property or a landlord insurance policy should include a number of features, such as buildings insurance and financial protection against loss of rent (subject to policy limit). Contents insurance should be considered, especially if your rental property is furnished. This will protect furniture and electrical items from theft or damage.