Landlord Insurance
Competitive Buy-To-Let insurance Backed By ‘Exceptional’ Service
Want to save money on your landlord insurance? Let the buy-to-let insurance specialists at Coversure Hull compare our markets to find you the landlord’s insurance that’s right for you. Whether you’re a landlord with a buy-to-let property, a block of flats, or an entire portfolio of residential properties, call us today on 0800 977 6037 and let our award-winning team help you get the protection you need.
Residential landlord insurance backed by ‘Exceptional’ service
Our award-winning team is rated as ‘Exceptional’ by feefo and with over 50 years of residential landlord insurance experience, you can rest assured you’re in safe hands. Being independent we can put your needs first, and we’ll compare the market to find you great cover for a great value premium. To find out more, call us free on 0800 977 6037 or start your residential landlord insurance quote today.
What is landlord insurance?
Landlord insurance, residential landlord insurance or buy-to-let insurance as it’s also known, covers the risks landlords face when letting or leasing their property. As a landlord you need specialist property insurance as standard home insurance won’t protect you against some of the risks you face, such as landlord liability, landlord’s contents, or loss of rent. Landlord insurance can offer you several financial protections, including:
- Buildings insurance
- Contents insurance for things like fixtures and fittings you may have provided
- Public liability insurance
- Rent guarantee insurance
- Tenant relocation insurance
- Accidental damage cover
- Landlord emergency and legal expenses insurance
What types of landlord insurance are there?
There are three main types of landlord cover, and Coversure Hull can offer you them all:
- Buildings insurance – this works in the same way as the buildings insurance on your home in that it protects you from the cost of repairs should your property be accidentally damaged or even destroyed. While landlords aren’t legally required to have buildings insurance, most mortgage providers will insist that you take out a policy before they give you the loan. If you own your property outright you should still consider buildings insurance to cover you against the cost of repairs or rebuilding your property
Important note: When looking for a landlord insurance quote, make sure you give your broker the cost of rebuilding your property and not the market value. A worrying 40% of UK rental properties are currently underinsured according to a 2024 survey by risk management firm Gallagher, with the average shortfall being 40%. This could mean a gap of tens if not hundreds of thousands of pounds in the event of a rebuild claim. If you’d like some advice regarding property underinsurance, please call us on 0800 977 6037 and we’ll give you all the help you need to make sure your property is properly insured - Landlord’s contents insurance - landlord contents insurance protects a landlord’s possessions within the rental property such as fixtures and fittings, white goods and any furniture you have provided to your tenants from loss or damage. It doesn’t cover a tenant’s contents, and they will have to take out their own contents policy to protect those.
There are two types of buy-to-let contents insurance:
- New for old – which replaces contents with new like-for-like ones
- indemnity contents policies – which factor in wear and tear, paying you the market value of your contents rather than the cst of new ones
- Buildings and contents insurance – also known as comprehensive buy-to-let insurance, this gives landlords buildings and contents insurance on one policy
What types of property can buy-to-let insurance cover?
Landlord insurance can protect most property types. While some, such as those of non-standard construction, those at a high risk of flooding, or properties in danger from coastal erosion often require more specialist cover, most rental properties can be covered, including:
- Houses
- Flats
- Buy-to-lets
- Homes under multiple occupancy (HMOs) – though again HMO insurance is a specialist area
- Listed buildings
- Flood risk properties
- Properties in conservation areas
- Second homes
- Holiday homes
- Blocks of flats
- Thatched properties
These are just some of the properties we can cover. If you have a specific property in mind, please then please get in touch. You can call us free on 0800 977 6037 or start your buy-to-let landlord insurance quote today.
What types of tenants can landlord’s insurance cover?
- Private rental clients
- Commercial tenants
- Asylum seekers
- DSS and housing benefit claimants
- Housing association tenants
- Local authority tenants
- Multi-tenure occupiers – as we have said, you may need HMO insurance
- Owner-occupiers
- Students
What can residential landlord insurance cover?
Landlord insurance is a flexible form of cover that can offer a range of essential protections, including:
- Landlord liability insurance – of up to £10 million should someone be accidentally injured while on your property or have their property damaged by yours and they decide to sue for compensation
- Loss of rent insurance – protects landlords and their income should tenants have to move out after an insured event such as a flood or fire. Loss of rent cover can protect your lost rental income and the additional costs of arranging alternative business accommodation on your tenants' behalf
- Landlord rent guarantee insurance - landlord rent guarantee insurance, rent protection insurance or tenant default insurance as it’s also known, is an important protection that can be added to landlord insurance and provides financial compensation should tenants fail to pay their rent. It will cover lost rent for an agreed period – typically for 6 to 12 months – and you can make a claim if your tenants can’t or won’t pay their rent
- Landlord’s contents – which covers things like carpets, white goods, and fixtures and fittings against loss or accidental damage
- Accidental damage – should something be accidentally broken you’ll be able to make a claim
- Malicious damage – should a tenant or a member of the public deliberately break or damage your property or its contents, you’ll be able to make a claim
- Legal expenses insurance – can provide protection to cover legal costs related to issues with your rental property, including legal action and court proceedings. While it’s most frequently associated with disputes with tenants over rent or evictions, it can also help with employment issues, contract disputes, tax investigations and health and safety prosecutions
- Contractors’ insurance – if you hire contractors to do repairs, maintenance or renovations on your property, then contractors’ insurance can protect you against things like damage to your property, sub-standard work or injuries
- Glass and sanitary ware - covers the cost of replacing accidentally damaged internal or external glass and sanitary ware
- Cables and underground pipe cover - for any costs incurred due to damage to pipes or cables – this includes essential utilities such as gas, electricity, and water
- Theft by tenants
- Keys and locks – should keys be lost or stolen; you can claim for the cost of having them replaced and locks changed
- Terrorism - cover for terrorism is supported by the Pool Re scheme, which provides government-backed funding to ensure that property owners are protected against losses from damage caused by acts of terrorism
- Boiler insurance – should it break or need replacing
How much does buy-to-let landlord insurance cost?
At Coversure Hull we don’t believe in one-size-fits-all solutions for our clients. Instead, we’ll get to know your needs and create a package of cover that fits your requirements. What we can say is that your landlord insurance quote will depend on things like:
- Your premise’s postcode
- What type of tenants you have
- The level of security at your property
- It’s rebuild valuation
- If there are any contents - and if so, what they are and the value
- Whether it’s at risk from flooding
- Your claims history
- Its condition/state of repair
If you’d like to know how much a buy to let insurance policy will cost you, please get in touch. You can call us on 0800 977 6037 or start your buy-to-let insurance quote today.
How to get cheaper landlord insurance
The easiest way to get cheaper landlord insurance is to use a specialist independent insurance broker such as Coversure Hull. With our knowledge of the market and insurer relationships, we can help you get cheaper residential landlord insurance quotes. The other ways are to:
- Increase your excess, the amount you pay in the event of a claim
- Get a multi-property insurance policy if you have more than one property to insure
- Conduct a risk assessment with your broker
Buy-to-let landlord insurance FAQ
Buy-to-let landlord property insurance is a complex area of cover and it’s important to get it right. To help you get the protection that’s right for you, here are our residential landlord insurance frequently asked questions. We hope they will prove helpful, but if you’d like to get some independent advice, then please call us free on 0800 977 6037. Our team of insurance specialists will be happy to talk you through the options to ensure you get the protection that’s right for your business.
Q. Is landlord insurance a legal requirement?
A. No, but if you have a mortgage then your mortgage lender will likely insist on you having buildings insurance in place
Q. Why do I need landlord insurance rather than just home insurance?
A. Owing to the nature of the building’s use, rental and buy-to-let properties represent a greater risk to insurers and so they require the specific protection that landlord insurance can bring
Q. What types of property can be covered?
A. We can insure all kinds of buy-to-let properties. Whether it's a flat, house, maisonette, holiday home, or even a block of flats, we can offer you affordable, high-quality protection
Q. As a landlord, do I need contents insurance?
A. It’s a good idea to have landlord contents insurance in place as it can cover things like fixtures and fittings from loss or damage
Q. How much does landlord insurance cost?
A. That will depend on things such as:
- The rebuild costs
- The postcode
- The type of property you have
- The type of tenants you have and what they do
- Its condition
- The level of security
- If it is at risk of flooding
- How many properties you have
- Your claims histor
Q. How can I get a landlord insurance quote?
A. Getting a buy-to-let landlord insurance quote is easy. You can call us on 0800 977 6037 or start your landlord insurance quote here.
Get a landlord insurance quote today
If you'd like some property insurance help or a landlord insurance quote call us on 0800 977 6037. We can give you all the advice you need and can compare our markets to find you the cover you require.
