Offers

Added extras are always nice. Decent landlords insurance should offer things like emergency assistance, with a number for your tenants to ring if the pipes burst or any other disaster strikes. Experienced landlords who have this kind of cover say it helps in three key ways. First it gives tenants peace of mind. Second it means that qualified and well-vetted repair staff can be brought in as soon as possible so a minor problem doesn’t turn into a major crisis. Thirdly it works as a half way house between self-management and expensive full management from a lettings agency. If you have emergency assistance you don’t always need to be on the spot yourself when things go wrong.

Other added extras on landlords insurance include legal helplines you can ring if you have any worries about how your tenants are behaving or any other issues. Again this can be both cheaper and more convenient than contacting a lawyer direct if you need advice.

A final added extra is rent insurance. You will normally have to pay an extra premium for this, rather than having it thrown in for free. But long-term landlords say it can provide invaluable peace of mind. The policy will pay out in a variety of circumstances and can provide you will an income stream if your tenants disappear or stop paying the rent. There’s plenty more information on our sister site www.rentinsurance.co.uk.