How is Landlord Insurance different to Building Insurance?

So what’s the difference between Landlord Insurance and Building Insurance?

By Peter McCormack

18-06-2019 |
We encourage all of our landlords to take out landlords insurance. While many landlords are aware that a building must be insured, and do organise building insurance themselves, what many don’t realise is that this type of insurance does not provide a comprehensive level of cover which may be needed.

So what’s the difference between Landlord Insurance and Building Insurance?

The short answer is that many standard Building Insurance policies usually provide cover for loss or damage to your building as a result of unexpected events such as fire, storm and flood. However, when you are renting a property to tenants, you should also consider the risk that your tenant may cause accidental or malicious damage to your property and consider whether your Building Insurance will cover you for these risks. A Building Insurance policy designed specifically for landlords may also include provision for loss of rent should your property become untenantable due to damage camused by an insured event.

If you have any questions regarding landlord insurance, give us a call so we can help you choose the right policy for you.

McCormack Barber - 6362 6566
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