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What is covered in landlord insurance? What is covered in landlord insurance?

AA Home Insurance

What is covered in landlord insurance?

Published 3rd May 2023Read Time 4 min

When you have a property you’re renting, you want to be safe in the knowledge everything is taken care of. That means having an appropriate level of cover with dedicated landlord insurance for rental properties. Having standard home insurance when you are a landlord might not be enough, as this can be a requirement of some buy-to-let lenders. Often you need specific landlord insurance for your own safeguarding and your tenants.

Real estate home are pointing to insurance contract signing and are explaining to customers at the office.
Landlord insurance can give you extra safeguards.

What is landlord insurance?

Landlord insurance is a type of insurance policy designed to provide protection for property owners who rent out their properties to tenants. This type of insurance typically covers a range of risks associated with rental properties, such as damage to the building, loss of rental income, liability claims, and legal fees.

Depending on the policy, landlord insurance may also provide coverage for specific types of damage, such as damage caused by natural disasters, fire, or vandalism. Some policies may also include coverage for contents of the rental property, such as appliances, furniture, or electronics.

Landlord insurance is important for property owners who want to protect their investments and minimise financial risk in unforeseen circumstances or accidents. It is important to carefully review policy details and select a policy that best meets the property owner's needs.

Landlord insurance provides coverage to safeguard landlords against potential risks related to their rental property. Being a landlord can prove to be a costly venture, and insufficient insurance coverage could result in significant expenses if unexpected issues arise. Accidents happen, and landlords can’t be there all the time to prevent them.

Landlords insured through AA common product policies are covered for third-party claims up to €3,000,000.

How does this type of insurance deal with third-party claims?

Accidents happen, and landlords can’t be there all the time to prevent them. Landlords insured through AA common product policies are covered for third-party claims up to €3,000,000.

What happens to my tenants if they need rehousing?

Rehousing tenants or paying for lost rent after an event like a flood or fire can be costly, especially when unexpected. AA common product policies cover up to 15% of your buildings & contents sums insured.

Am I liable for Fire Brigade Charges?

There is a possible chance you’ll be responsible for call-out charges in the event of a fire. With landlord insurance, you can get covered for fire brigade charges up to €3,000.

What happens in the event of a break-in?

When an attempted break-in occurs, you want assurances your tenants and property will remain safe. AA Landlord Insurance covers lock replacement up to €1,000.

And what about a leak?

Finding a leak in rental property can feel like finding a needle in a haystack. The AA can assist with Trace & Access (up to €700), with the escape of water also covered as part of landlord insurance (where excess is €1,000).

Is Landlord Insurance worth it?

For more on this topic, click here.

Where do I get a quote?

Check it AA Landlord Insurance here.