As a landlord, you should ensure that the rental property and its contents are comprehensively insured to include 3rd party liability, occupier risks and public liability, as well as cover furnished lettings if applicable. Your tenant should be given a copy of your insurance schedule for buildings and contents, as this will form part of your tenancy agreement.
Failure to inform your insurance company that the property is let out could render the policy void. It is the tenant’s responsibility to arrange and insure their own personal belongings.
Just because you let your property unfurnished, it doesn’t mean that it’s empty; as a landlord, you could be exposed to more risks than you realise.
Standard landlord’s contents insurance for unfurnished properties should cover:
Public Liability Insurance
Public liability covers the landlord for claims against them by anyone coming into contact with the property. This may be the tenant, visitors, contractors, officials or even trespassers! Eg: If a tenant tripped on a loose carpet, fell down the stairs, broke their leg and was unable to work, they could make a claim against the landlord for damages. This could be a substantial sum, but with public liability insurance cover, you will not have to worry.
Please note that it is essential for property owners to advise their insurance company of changes in circumstances, which includes when the property is being rented out.
Failure to inform will likely mean that the insurance is void.
Austin D’arcy have partnered with UK Referencing & Insurance company Let Alliance to offer our Landlord insurance services:
Please ensure that if you deal directly with Let Alliance for any insurance product, that you quote Austin D’arcy Reference for the best price. Alternatively, ask a member of staff to organise for a quotation on your behalf.