Finding an insurance company to cater just for landlords and their property’s is not as difficult as you might assume; there are many sites like JustLandlords.co.uk online at the minute that can help you in your search for adequate landlord cover however it is important that you know exactly what to get when it comes to landlord insurance.
Basically you can break it down into two different sections; buildings insurance and contents insurance and it is important to know the distinctive differences between the two policies. The first, building cover, is designed to only really protect your building as a structure. So say, for example, that there was a flood and the foundations or the structure of the property was damaged. If this was the case then your building insurance would cover you for these damages done and the repair that are necessary to fix them however it would not cover or replace anything that was held inside the property; so items like any personal possessions such as a TV or jewellery would not be replaced and nor would any of the furnishings. This is why you have contents insurance because it is this policy that allows you to claim for anything that is damaged inside the building.
Getting the insurance itself is not a difficult task. Indeed, you will find that there are a lot more insurers out there than you may imagine and this level of competition is incredibly healthy for the market and it means that you can get a better price for your insurance. Many landlords will just end up going for a local quote however the possibility of saving your business a lot of money while, at the same time, having a solid system of landlord insurance in place makes far more sense in the short and long term.