Residential property owners insurance cover can be arranged on a single property or a large portfolio of properties.
Landlord insurance policies will normally provide cover for a range of perils with accidental damage being an optional addition.
As well as covering the buildings the residential property owner’s insurance policy will also include public liability and loss of rent.
It is important that insurers are made aware of any tenants that are not professionals and of any properties that are vacant as failure to do this could result in a claim not being covered.
If required, residential property owner’s insurance cover can be extended to include contents and damage by tenants.
It is important to remember that the value of your property from an insurance perspective is not the sale value but the cost to rebuild.
Make sure that the sum insured on your residential properties is adequate.