When you own your own property, you make sure you have everything covered to make sure property and contents are safe by taking out Buildings and Contents Insurance. If you are a landlord, what measures do you take to ensure that your property is covered.
With the current climate and businesses closing, people self isolating, people losing their jobs. More and more of us are going to find some sort of financial problems. One of these will be paying our mortgages, rent, bills. As a landlord how do you ensure your income. Are you protected if your tenants can not pay. With everyone suffering you can not just evict them, but what if this is your only income and will put you in a difficult financial position where you can not pay your own bills.
Cover For Landlords
Whether you own a flat or a house, you will need to protect your investment, which is where CIA Landlord Insurance can help you.
Landlord insurance is similar to your normal buildings and contents insurance, but it is specifically designed for buy to let properties. Landlord insurance is designed to cover the building from events such as fire, lighting and explosions But also covers fixtures and fittings inside the property for example the bathroom suite or kitchen cabinets.
Landlords insurance can also help cover against loss of rent or alternative accommodation expenses, giving you the landlord peace of mind that your property is protected.
What are the benefits?
To break it down easily, the benefits of choosing Landlord insurance are
- Loss of rent
- Accidental damage
- Malicious damage caused by tenants
- Employers liability
- Property owners liability
- Unoccupied property cover
Are you a landlord? How are you protecting your property? And how are you helping your tenants in the current climate we are all going through?