Arranging Landlord Insurance Cover

As a landlord your property will definitely rank as one of your most valuable possessions and you will therefore agree that cost of repairing accidental damage or in worst case scenario, cost of rebuilding or replacing the property can be daunting financially.

Property insured under the class range from Houses, Bungalows, Maisonettes and in some cases buildings of individual flats to Purpose built flats or apartment blocks (up to an agreed sum insured).
How you insure the building will often depend on whether the property was bought with a mortgage or not. While some lenders as a way of securing their interest insist on selecting the insurance company to insure the property, it is usually wise to involve an insurance adviser or broker who is able to compare comprehensive policies and premiums from rated insurance providers.
This arrangement could end up saving on the cost of insurance and the lender should have no objections so long as the insurance policy is top notch and notes the interest of the lender. You may also avoid paying interest on your premium as lenders sometimes add the insurance premium to the loan amount. © InsuranceInBoldPrints

This class of insurance relates to Let Property Insurance and covers the Landlord against loss, destruction, damage to property including fixtures owned or for which the landlord is legally responsible including legal liability arising from the ownership of the property.

Cover is provided for the risks listed hereunder:
Fire, lightning, explosion, earthquake & smoke
Storm or floods
Riots, violent disorder, civil commotion
Theft or attempted theft
Malicious damage
Subsidence, heave, landslip
Escape of water, burst pipes
Escape of oil from installations
Impact / collision by vehicles or animals, aircraft damage or anything falling from them
Falling trees, posts, masts
Loss of rent or alternative accommodation

You can also request additional cover for Landlord contents (i.e. contents which you have provided and are used in connection with the let property) and legal expenses property disputes cover.
For an agreed premium further additional cover can be arranged for
Property owner's liability up to say £5 Million
Damage to cables, drains and underground pipes 
Contents in communal parts, accidental damage to fixed glass

The main risks excluded from the policy include, pre-existing damage, liability or injury; loss or damage whilst the home is undergoing certain renovations; loss or damage by any gradually operating cause and Theft or malicious damage by the tenant(s).

To ensure that you only pay for a landlord insurance that meets your individual need, it is always a good idea to contact and insurance specialist or insurance broker for advice and guidance