Insurance overview
There are many risks associated with letting a home which is why it's important to have the right cover in place.
Landlord insurance is specially designed to protect and help landlords handle these risks, these include the building itself and your liability as a landlord.
Our landlord insurance, provided under our Property Owners Insurance policy, covers you against damage to your property by common risks such as fire, flood, storm or escape of water, business interruption, your liability as a property owner and environmental liability.
What's included as standard:
- Property - cost of replacing locks to your buildings if keys are stolen, up to £2,500.
- Property - cost of locating an escape of water or oil, and repairing damage caused by the search, up to £25,000 for each loss.
- Business Interruption - loss of income due to damage to property used by you at the premises, up to £1.5 million.
- Property Owners’ and Product Liability - damages arising from injury to the public or damage to their property. Cover, up to £2.5 million as standard.
- Environmental Liability - damages arising from injury to the public or damage to their property, caused by pollution, including the cost of cleaning your own premises if required by a regulatory authority, up to £1million.
Additional covers you can choose:
- Employers' Liability - damages arising from injury and illness to employees, up to £10 million as standard.
- Landlords' Contents - you can add additional landlord contents cover as needed.
- Money and Malicious Attack - loss or theft of money on your premises during business hours, and while being taken to the bank or in a safe on your premises overnight, up to £5,000.
- Goods in Transit - protection of your goods while they’re in transit in your vehicles or with a third party carrier, up to £10,000.
- Terrorism - protection against property damage and loss of income caused by acts of terrorism.
- Engineering Insurance - accidental damage or breakdown of machinery and plant.
- Engineering Inspection Services provided by Vulcan Inspection Services - plant and equipment inspections and certification to prevent injury or business interruption, and to meet your regulatory obligations.
- Commercial Legal Expenses - the cost of legal representation to defend your legal rights, and any agreed compensation awards, up to £250,000.
- Group Personal Accident - protecting yourself and employees aged 16 to 65 against the financial impact of death or disability following an accident or illness.
- Business Travel - cover for you and your employees who travel abroad on business including access to a dedicated 24/7 helpline.
This is not an exhaustive list, more information can be found in the important document section.
The cover you choose will depend on your circumstances and your local NFU Mutual office will take the time to understand these needs and explain the full details, including any limits and exclusions that may apply, to help ensure it‘s right for you.
The cover you choose will depend on your circumstances and your local NFU Mutual office will take the time to understand these needs and explain the full details, including any limits and exclusions that may apply, to help ensure it‘s right for you.
Important documents
FAQs
Landlord insurance is different from typical home insurance. It protects properties that are rented out, covering you for your liabilities as a landlord, the building itself and the option of insuring any contents inside that belong to you.
Life gets even more unpredictable when dealing with other people living or working in your property. You may not be able to view that property every day either. That's why landlord insurance makes sense and can protect you from accidents and other incidents that could cost a lot of money.
This will depend on the number of properties you own, the type of properties, how they're used and the policy cover you choose. Talk to us and we’ll help to find landlord insurance suited to your needs, for a fair price.
There’s no legal obligation to take out Contents Insurance as a landlord. However, Contents Insurance could save you a lot of money if the property you're renting out includes items such as fridges, furniture and other furnishings. Following an insured unexpected event such as fire or flood, replacing everything in the tenanted property in one go can be very expensive.
Making a claim is simple. Just follow the Business Insurance claims.
Our policies can cover you for up to 10 properties that can include a mix of residential and commercial buildings. We're also able to insure property portfolios with over 10 properties via our national network of agency offices.
Our Landlord Insurance is aimed at those renting their property out to others. If you live in the property you will need a Home Insurance policy.