Why do I need Landlord’s Insurance?

Not all Landlords know that standard household insurance is insufficient when it comes to protecting their rental properties. The risks become higher for landlords, because they are adding tenants to the equation. There is more risk of things like loss of rental income, accidental damage, and periods where the property may be left unoccupied; making it an easier target for thieves and vandals. Landlords who have failed to tell their insurer they are generating income from their property, will usually have their claims rejected. This is because most standard home insurance policies do not protect rental properties. That’s why it pays to get a landlords insurance policy, which will cover all these risks and bring peace of mind.