{"id":17485,"date":"2018-07-12T11:21:31","date_gmt":"2018-07-12T11:21:31","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=17485"},"modified":"2018-07-13T12:13:44","modified_gmt":"2018-07-13T12:13:44","slug":"5-undeniable-reasons-to-get-landlord-insurance","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/5-undeniable-reasons-to-get-landlord-insurance\/","title":{"rendered":"5 Undeniable Reasons To Get Landlord Insurance"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span style=\"font-weight: 400;\">Did you know that your home <a href=\"https:\/\/www.thehouseshop.com\/property-blog\/a-beginners-guide-to-landlord-insurance\/17132\/\">insurance<\/a> could breach your buy-to-let mortgage? <\/span><\/p>\n<h2 style=\"text-align: center;\"><b>Don\u2019t get caught in the trap! <\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A conventional home <a href=\"https:\/\/www.thehouseshop.com\/property-blog\/a-beginners-guide-to-landlord-insurance\/17132\/\">insurance<\/a> policy could be made null and void if it is used to insure a buy-to-let property. And while there is no legal obligation to take out <a href=\"https:\/\/www.thehouseshop.com\/landlord-insurance\">landlord insurance<\/a>, many <a href=\"https:\/\/www.thehouseshop.com\/estate-agents\">letting agents<\/a> won\u2019t <a href=\"https:\/\/www.thehouseshop.com\/property-blog\/rental-property-maintenance-tips-for-landlords\/17394\/\">manage your property<\/a> without it and you put yourself at risk if disaster strikes!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There can be many unexpected costs that are associated with being a <a href=\"https:\/\/www.thehouseshop.com\/landlords\">landlord<\/a> and no one can predict when or if they will happen. <a href=\"https:\/\/www.thehouseshop.com\/landlord-insurance\">Landlord Insurance<\/a> gives you peace of mind and the financial stability to be confident that if anything goes wrong, you are covered.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Make sure that you have a comprehensive <a href=\"https:\/\/www.thehouseshop.com\/landlords\">landlord<\/a> <a href=\"https:\/\/www.thehouseshop.com\/property-blog\/a-beginners-guide-to-landlord-insurance\/17132\/\">insurance<\/a> policy in place to help protect your investment.<\/span><\/p>\n<h2><strong>Why you should get <a href=\"https:\/\/www.thehouseshop.com\/landlord-insurance\">Landlord Insurance<\/a>:<\/strong><\/h2>\n<h2><b>Covers Loss of Rent<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Loss of rent is one of the worst-case scenarios for <a href=\"https:\/\/www.thehouseshop.com\/landlords\">landlords<\/a>. Think about it, disaster strikes and one of your largest investments, your buy-to-let, is suddenly unlivable. Your tenants can no longer live there and you aren\u2019t going to be able to house anybody until this mess gets sorted. Who knows how long that will be?!<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.thehouseshop.com\/landlord-insurance\">Landlord Insurance<\/a> offers a lifeline for landlords in distress. In the event that your property becomes unlivable due to events such as fire, <a href=\"https:\/\/www.thehouseshop.com\/property-blog\/how-do-i-know-if-i-need-flood-insurance\/17143\/\">flooding<\/a> or something similar, you won\u2019t be left out of pocket. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is important to note that loss of rent is not the same as <a href=\"https:\/\/www.thehouseshop.com\/rent-protection-insurance\">rent protection<\/a>. This will not cover you in the event that your <a href=\"https:\/\/www.thehouseshop.com\/property-to-rent\">tenant<\/a> fails to <a href=\"https:\/\/www.thehouseshop.com\/rentscore-plus\">pay their rent on time<\/a> and falls into arrears. <a href=\"https:\/\/www.thehouseshop.com\/rent-protection-insurance\">Rent Protection Insurance<\/a> is often available as an add-on, if not a completely separate service.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Find out more about <a href=\"https:\/\/www.thehouseshop.com\/rent-protection-insurance\">Rent Protection Insurance here. <\/a><\/span><\/p>\n<h2><b>Alternative Accommodation For Tenants<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If disaster does strike and your property becomes unlivable then landlords are expected to cover the cost of accommodation for the <a href=\"https:\/\/www.thehouseshop.com\/property-to-rent\">tenants<\/a> until the property is ready for them to move back into. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some tenants may not wait this long and may endeavour to find somewhere else to live in the meantime\u2026 especially if the landlord refuses to cover living costs until then.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This insurance gives your tenants confidence that they are renting from a professional and respectable landlord, who has their interests in mind and is invested in a long-standing tenancy. <\/span><\/p>\n<h2><b>Malicious Damage<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Deliberate damage is a real concern for landlords, as well as accidental. Handing over the keys to your property is a big thing. You are entrusting them to look after your property and treat it with care. Unfortunately, this isn\u2019t always the case&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Malicious damage can be highly detrimental to your rental income and rather costly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This cover will help with the cost of repairs and replacements of items that have been damaged maliciously.<\/span><\/p>\n<p><b>What does \u2018malicious damage\u2019 mean?<\/b><span style=\"font-weight: 400;\"> Different insurance companies may have a varying definition of this, so it is important that you are aware of exactly what will be covered by this part.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most companies, however, will see malicious damage as a damage caused by someone who is not allowed, legally, to occupy the premises. For example, if someone who isn\u2019t the tenant breaks a window, damages a fixture or graffitis the property then the cost of repair\/replacement will be covered by your landlord insurance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some insurers will include cover for malicious damage also caused by the tenants, meaning that regardless of who causes the mess, your insurance will take care of it.\u00a0<\/span><\/p>\n<h2><b>Buildings Cover<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">After investing thousands of pounds in a property it is incredibly important to insure and safeguard your biggest asset. There are lots of ways that your property can be instantly taken away from you. Everyone thinks that it won\u2019t happen to them\u2026 until it does. But are you prepared?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Disasters aren\u2019t necessarily common, but when they do happen they are devastating and can massively impact your investment. You cannot use conventional house insurance on your <a href=\"https:\/\/www.thehouseshop.com\/property-to-rent\" title=\"rental property\">rental property<\/a>, most policies do not cover buy-to-let\u2019s and it can make the insurance null and void. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This cover gives you peace of mind, letting you relax and not think about if, or when, disaster might strike!<\/span><\/p>\n<h4 style=\"text-align: center;\"><span style=\"font-weight: 400;\">Preparation is key!<\/span><\/h4>\n<h2><b>Property Owners Liability Cover<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">As a landlord, you have a responsibility to offer your tenants a safe environment in which to live in. But accidents do happen and things can go wrong. But if it turns out that the fault lies in the property and subsequently you, then you may find a compensation claim knocking at your door. If your property is responsible for causing injury or damage to a tenant, visitor then you can be liable. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Compensation claims can hit your pocket hard and may even result in your tenant finding somewhere else to live, which would be the ultimate financial hit. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Otherwise known as public liability insurance for landlords or landlord liability insurance, this cover will mean that you can hand over your keys confident that if anything were to happen, you are covered!<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">As with all of products and services, different companies offer different services. Some policies may cover one thing but not another, so shop around and see what works for you.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.thehouseshop.com\/landlord-insurance\"><img loading=\"lazy\" class=\"aligncenter wp-image-17486\" src=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/07\/ths.png\" alt=\"Why Choose TheHouseShop\" width=\"600\" height=\"370\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><span>Read more here:<\/span><\/h2>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/5-undeniable-reasons-to-get-landlord-insurance\/17485\/\"><span>5 Undeniable Reasons to Get Landlord Insurance<\/span><\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/is-landlord-insurance-tax-deductible\/17490\/\">Is Landlord Insurance Tax Deductible?<\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/is-landlord-insurance-a-legal-requirement\/17513\/\">Is Landlord Insurance a Legal Requirement?<\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/a-beginners-guide-to-landlord-insurance\/17132\/\"><span>A Beginners Guide to Landlord Insurance<\/span><\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/the-benefits-of-landlord-insurance\/16167\/\"><span>The Benefits of Landlord Insurance<\/span><\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/landlord-insurance-what-you-need-to-know\/2796\/\"><span>Landlord Insurance: What You Need To Know<\/span><\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/worrying-new-figures-for-landlords\/\"><span>Worrying New Figures For Landlords<\/span><\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/choosing-the-right-landlord-insurance-for-you\/2772\/\"><span>Choosing the Right Landlord Insurance for You<\/span><\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/top-insurance-claims-by-landlords-revealed\/7240\/\"><span>Top Insurance Claims by Landlords Revealed<\/span><\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/what-is-rent-protection-insurance\/16840\/\"><span>What is Rent Protection Insurance<\/span><\/a><\/h3>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Did you know that your home insurance could breach your buy-to-let mortgage? Don\u2019t get caught in the trap! A conventional home insurance policy could be made null and void if it is used to insure a buy-to-let property. And while<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/5-undeniable-reasons-to-get-landlord-insurance\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":16941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[581,17,16,9],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/05\/landlord-insurance.png","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/5_undeniable_reasons_to_get_landlord_insurance","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/17485"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=17485"}],"version-history":[{"count":5,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/17485\/revisions"}],"predecessor-version":[{"id":17519,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/17485\/revisions\/17519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/16941"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=17485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=17485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=17485"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=17485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}