Landlord insurance protects property owners from financial losses associated with renting out a property. It'll provide theft, fire and weather damage cover for the structure of the rental property and any contents owned by the landlord that are within. It's slightly different to standard home insurance as it also covers risks specific to renting out a property, like loss of rent and legal expenses, but they might not be included as standard on every landlord insurance policies.
Landlords insurance may include as standard: loss or damage arising as a result of fire, storm, flood, falling trees, theft, malicious acts or vandalism; your loss of rent or for providing alternative accommodation for the tenant following damage caused by an insured event; legal liability as owner of the buildings for causing injury to others or for damage; home emergency cover - for call-outs or repairs if you have an emergency.
Contents only cover is only available in circumstances where the buildings is tied to another insurer, such as in the case of a leasehold flat.
You can tailor your policy with the following optional cover: buildings accidental damage and malicious damage by tenants; contents accidental damage and malicious damage by tenants; legal expenses, rent guarantee and eviction of squatters cover.
Please note that Landlords Insurance is designed to cover certain unforeseen events and doesn't cover everything. It does not cover things like general wear and tear or damage at that happens gradually over a period of time. There Is also an excess on each claim.