A landlord has various responsibilities insurance.
Buildings insurance is crucial for protecting the structure of your investment property. You also need to cover your contents cover; especially should you have a furnished or partly furnished property.
There are several specialist insurers that offer buy to let or landlord insurance; this normally includes liability insurance if someone gets injured on your property.
Landlords can also consider extending their cover so that rent guarantee insurance and legal expenses are covered.
Insuring an empty home
Should you leave your home unoccupied for more than 30 days, it is not going to be covered under a standard policy. What happens should you move to a new house but not have sold your existing property? Or say you have inherited a property yet you are awaiting a probate. There are many reasons why you may have to leave a home empty for a short period; however, an empty property is not free from risk.
Thieves and vandals usually target unoccupied homes. Should a home be left unattended, pipes can burst. Unoccupied home insurance can cover all such risks, as well as the liability of someone getting injured on your property.
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