If you are a landlord you need to get buildings insurance for your property. Unless you live in the property as well you don’t need to buy contents insurance.
Most types of landlord insurance are designed to protect the landlord from tenants defaulting on paying their rent. This is particularly important if you are a buy-to-let landlord as it is likely that you will be relying on the rental income to repay the mortgage you have on the property.
Landlords should consider taking out rental guarantee insurance and a product that provides cover for legal expenses.
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