Residential Property Owners Insurance or Landlords insurance provides cover for landlord’s Buildings. Cover can be provided on a specified perils basis, or more commonly on an ‘all risks’ basis. Cover will usually be provided for loss of or damage caused by perils such as:
  • Fire, Lightning, Explosion or Earthquake.
  • Subsidence, Heave or Landslip.
  • Storm, Flood, Falling trees or branches.
  • Escape of water or oil.
  • Theft or Attempted Theft.
  • Riot or Malicious Acts.
  • Impact by aircraft, vehicles or animals.

In addition, most Residential Property Owners or Landlords Insurance policies include a number of additional covers, such as:
  • Contents of Communal Areas – cover for contents (e.g. furnishings and carpets) in communal areas (such as halls, stairways) provided they are owned by the landlord.

  • Property Owners Liability. Property owners and landlords are subject to many regulations and legal obligations. This cover is an essential part of any insurance portfolio and covers legal liability for death or bodily injury to members of the public and for loss/damage to their property.

  • Loss of Rent/Alternative Accommodation. Not only will damage to your property cause you inconvenience, but a loss or a reduction in rent received is almost inevitable. Remember, repairs take time and during this period, your property may be uninhabitable, meaning a possible loss of rent. This cover will pay for your loss of rent resulting from the property becoming uninhabitable as a result of damage by an insured event.

    Another option is to provide alternative accommodation to your tenant. In this case, the policy will cover the cost of providing alternative accommodation of a comparable level to the original premises.

    A limit (typically 20% of the Buildings sum insured) applies for the Loss of Rent or Alternative Accommodation cover.