{"id":2772,"date":"2015-10-28T09:46:03","date_gmt":"2015-10-28T09:46:03","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/choosing-the-right-landlord-insurance-for-you\/"},"modified":"2018-07-13T12:18:50","modified_gmt":"2018-07-13T12:18:50","slug":"choosing-the-right-landlord-insurance-for-you","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/choosing-the-right-landlord-insurance-for-you\/","title":{"rendered":"Choosing the Right Landlord Insurance for You"},"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 class=\"MsoNormal\" style=\"text-align: center;\" align=\"center\"><b><span style=\"font-size: 12.0pt; line-height: 107%;\">Choosing the Right <a href=\"https:\/\/www.thehouseshop.com\/landlord-insurance\">Landlord Insurance<\/a> for You<\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\">Being a <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/landlord\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/landlord;http:\/\/rdf.freebase.com\/ns\/m.02mx_6;http:\/\/dbpedia.org\/resource\/Landlord\" >landlord<\/a> can be a confusing task at times, and there are just so many dos and don&#8217;ts that you must comply with in order to get things right. <a class=\"wl-entity-page-link\" title=\"rental\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/renting\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/renting;http:\/\/rdf.freebase.com\/ns\/m.01y857;http:\/\/dbpedia.org\/resource\/Renting\" >Renting<\/a> out your <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >property<\/a> means you&#8217;re putting a great deal of trust in the people you&#8217;re letting to, and anything could happen, ranging from late payment of rent to damage inflicted to the <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/building\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/building;http:\/\/rdf.freebase.com\/ns\/m.0cgh4;http:\/\/dbpedia.org\/resource\/Building\" >building<\/a>. When you choose to let your property to a tenant, there are so many things that could and inevitably will go wrong, so it&#8217;s really important that you have the correct insurance in place to cover you for any eventuality.The process of looking for landlord insurance can seem like a daunting task, especially if you&#8217;re new to the business, but it&#8217;s important you get it right. Here&#8217;s some advice to help you pick the best cover for you and your property. <\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt; line-height: 107%;\">Money Troubles<\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\">Your property is your livelihood and so the money you make from it is your monthly wage. Unfortunately, being a landlord is not always the most reliable of career paths when it comes to money, and whether it&#8217;s loss of income due to an empty property or late or non-payment due to unreliable tenants, ensuring you get paid each month can sometimes be hit or miss. <\/span><\/p>\n<p>Despite policies claiming to include rental cover, this does not necessarily guarantee you&#8217;re covered for your tenants going into <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/arrears\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/arrears;http:\/\/rdf.freebase.com\/ns\/m.079k8t;http:\/\/dbpedia.org\/resource\/Arrears\" >arrears<\/a>, with some insurance brokers offering cover for empty properties only. When looking for cover for money-related problems, it&#8217;s vital that you read each clause carefully to make sure that you&#8217;re being covered for all money worries.<\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt; line-height: 107%;\">Legal Expenses<\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\">This is an important piece of cover to have, as although you want to be able to put your trust in your tenants, unfortunately things may <\/span><a href=\"http:\/\/ontariolandlords.org\/blog\/ontario-landlords-nightmare-tenant-nina-willis-battling-with-new-landlord-over-7th-eviction\/\"><span style=\"font-size: 12.0pt; line-height: 107%;\">not always be as amicable as you would hope<\/span><\/a><span style=\"font-size: 12.0pt; line-height: 107%;\">. Should you get into any nasty legal battles with tenants, due to <a class=\"wl-entity-page-link\" title=\"Property damage\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/property-damage\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property_damage;http:\/\/rdf.freebase.com\/ns\/m.0clxv;http:\/\/dbpedia.org\/resource\/Property_damage\" >damage<\/a> to your property or unpaid rent, then you&#8217;ll need cover to help you pay for the legal expenses should the dispute result in a court battle. <\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt; line-height: 107%;\">Emergencies<\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\">Whether it&#8217;s a problem with the heating, a water leak or a disrupted gas supply, you and your tenant(s) are likely to want to get the problem resolved as quickly as possible. Home emergency cover means that should any issues arise, the problem is resolved quickly and efficiently and that you receive help towards covering the costs of any repairs. <\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\"><br \/>\n<!-- [if !supportLineBreakNewLine]--><br \/>\n<!--[endif]--><\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt; line-height: 107%;\">Building and Contents<\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\">You may not realise it, but standard household insurance will not cover your property if you&#8217;re renting it out. Whether you&#8217;re simply letting a property, or you&#8217;re letting out a property and its furnishings, finding cover for both is extremely important. Buildings insurance will cover you against more extreme emergencies such as damage due to flood or fire or other major damage. Contents insurance, on the other hand, is especially important if the property is furnished as it covers you for furnishings, from TVs to furniture to <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/kitchen\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/kitchen;http:\/\/rdf.freebase.com\/ns\/m.0d4wf;http:\/\/dbpedia.org\/resource\/Kitchen\" >kitchen<\/a>-ware, and any damage that is inflicted upon said items.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\">\u00a0<\/span><\/p>\n<p>Naturally, there are other clauses and cover to consider, but hopefully these will help get you started when you&#8217;re deciding upon the right insurance for you. Make sure you choose to <a class=\"wl-entity-page-link\" title=\"Use (law)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/use-law\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/use_law;http:\/\/rdf.freebase.com\/ns\/m.05r4j5;http:\/\/dbpedia.org\/resource\/Use_(law)\" >use<\/a> a <a href=\"http:\/\/homelet.co.uk\/landlord\"><span style=\"font-size: 12.0pt; line-height: 107%;\">reliable company such as Homelet<\/span><\/a><span style=\"font-size: 12.0pt; line-height: 107%;\"> when picking your insurance, as they have plenty of experience when it comes to <a href=\"https:\/\/www.thehouseshop.com\/landlord-insurance\">landlord insurance.\u00a0<\/a><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt; line-height: 107%;\">\u00a0<\/span><\/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\/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","protected":false},"excerpt":{"rendered":"<p>Choosing the Right Landlord Insurance for You \u00a0 Being a landlord can be a confusing task at times, and there are just so many dos and don&#8217;ts that you must comply with in order to get things right. Renting out<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/choosing-the-right-landlord-insurance-for-you\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":3502,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[10,16],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2014\/10\/insurance-1.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/choosing_the_right_landlord_insurance_for_you","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/2772"}],"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=2772"}],"version-history":[{"count":5,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/2772\/revisions"}],"predecessor-version":[{"id":17526,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/2772\/revisions\/17526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/3502"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=2772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=2772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=2772"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=2772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}