Landlord Insurance
Protect your property, your rental income and your investment
Whether you own a single rental property or a growing portfolio, landlord insurance can help protect you against the risks that come with renting out property.
At Edinburgh Insurance Brokers, we compare landlord insurance from a range of insurers to help you find suitable cover for your property and circumstances.
Landlord Insurance That Fits Your Property
Being a landlord comes with responsibilities and risks that standard home insurance may not cover.
From accidental damage and buildings insurance to loss of rental income and liability cover, having the right policy in place can give you greater confidence that your property investment is protected.
Our brokers will take the time to understand your property and rental arrangements before helping you find appropriate cover.
What Can Landlord Insurance Cover?
Buildings Insurance
Protects the structure of your rental property against insured events such as fire, storm, flood and escape of water.
Landlord Contents Insurance
Cover for furniture, appliances and other contents that you provide as part of the tenancy.
Loss of Rental Income
If your property becomes uninhabitable following an insured event, your policy may provide cover for lost rental income while repairs are carried out.
Property Owners’ Liability
Provides protection if a tenant, visitor or another third party suffers an injury or damage to their property and you are held legally responsible.
Accidental Damage
Additional cover may be available to protect your property against accidental damage caused by tenants or other insured incidents.
Do I Need Landlord Insurance?
If you rent out a property, it is important to consider whether standard residential home insurance is appropriate for your circumstances.
A standard home insurance policy may not provide the cover you need when a property is rented to tenants. Landlord insurance is specifically designed around the risks associated with letting property.
If you have a mortgage on the property, your lender may also have specific insurance requirements.
Even where insurance isn’t a legal requirement, having appropriate cover can help protect what may be a significant financial investment.
Landlord Insurance for Property Portfolios
If you own multiple rental properties, managing separate insurance policies can become complicated. We can help landlords looking to insure property portfolios and discuss whether a portfolio policy could be suitable for their circumstances.
Cover can potentially be arranged for multiple properties under one policy, making your insurance easier to manage.
Whether you own two properties or a larger portfolio, speak to our team to discuss your requirements.
Landlord Insurance in Edinburgh and Across Scotland
Based in Edinburgh, we help landlords arrange insurance for rental properties across Scotland and beyond.
Whether you’re a first-time landlord with a single property or an experienced property investor with a portfolio, our brokers can help you review your insurance requirements and compare suitable options.
How Much Does Landlord Insurance Cost?
The cost of landlord insurance varies depending on several factors, including the property’s location, rebuild value, type of property, number of tenants, rental income, claims history and the level of cover required.
A small residential rental property may be relatively inexpensive to insure, while larger properties, HMOs and higher-risk rental arrangements can cost more.
Rather than relying on a generic price, we recommend getting a quote based on your individual circumstances.
Why Use an Insurance Broker?
Finding the right landlord insurance policy can be difficult, with insurers offering different levels of cover, exclusions and policy conditions. As an insurance broker, we can help you understand your options and compare policies from a range of insurers.
We consider factors such as the type of property, how it is occupied, the number of tenants, your rental income, the property’s location, whether you own multiple properties, your previous claims history and the level of cover you require. Our aim is to help you find suitable insurance that provides the protection your property needs without paying for unnecessary cover.
Frequently Asked Questions
Landlord Insurance
Is landlord insurance a legal requirement?
Landlord insurance isn’t generally a legal requirement, although your mortgage lender may require you to have buildings insurance. It is important to check your individual circumstances and policy requirements.
Does landlord insurance cover tenants’ belongings?
Generally, landlord insurance does not cover a tenant’s personal belongings. Tenants are normally responsible for arranging their own contents insurance.
Can you insure an HMO?
Yes, specialist insurance can be available for Houses in Multiple Occupation. HMOs can have different insurance requirements to standard rental properties, so it is important to arrange appropriate cover.
Can I get landlord insurance for one property?
Yes. Landlord insurance can be arranged for individual rental properties as well as larger property portfolios.
Does landlord insurance cover loss of rent?
Some landlord insurance policies can provide loss of rental income following an insured event, subject to the terms, conditions and limits of the policy.
Can I insure multiple rental properties?
Yes. If you own several rental properties, you may be able to arrange portfolio insurance, potentially making your policies easier to manage.