When protecting your rental property landlord buildings insurance covers for loss or damage by insured perils such as fire or smoke. It also includes loss or damage from escape of water from fixed water or heating pipes. However some insurers may impose an excess in relation to escape of water claims due to the costly nature of putting them right.
Theft or attempted theft as result of forcible entry or exit is a key reason why people look to take out landlord buildings insurance. However it is worth noting that theft by tenants or tenants who cause malicious damage may not be covered so it is best to check that the cover and price you see from any provider meets your requirements.
Landlord buildings insurance normally relates to a private dwelling and includes fixtures and fittings owned by a landlord or for which a landlord is legally responsible.
Landlord buildings insurance can also include any domestic outbuildings, drives, patios, terraces, walls, gates and fences. For some, landlord buildings insurance cover may also extend to swimming pools and tennis courts.
So if you are considering renting out your property then comparing landlord insurance cover including landlord buildings insurance is essential.