How to Plan Your Landlords Contents Insurance

However many properties you rent out as a landlord, you will almost certainly have a lot of money tied up in the investment. Taking steps to protect items you may have in the home could reduce storage cost if you have to rent it out. In many cases it is easier to let out a furnished property.


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    Do your homework before you buy Landlords Contents Insurance. The type of policies, coverage and prices can vary widely so make sure you get several quotes. Putting in the time to do some research before committing yourself to any insurance policy will mean that you get the best protection for your money.
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    Find out what is covered under the policy. As with any insurance policy, be sure exactly what type of cover is provided before committing yourself. Add-on's are available with many policies, such as Buildings Insurance and Emergency Assistance.
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    Make a full inventory of the contents in the property. Make out a full inventory of the contents of the property, together with photographic evidence and values for all the items held within the inventory.
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    Have the basic information about your property on hand before calling the insurance company. You should know what contents are in the property, the dates the items were purchased, their values, etc.
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    Notify the police in the event of theft, etc. Immediately notify the police following loss or damage by theft, disappearance of valuable items, attempted theft, malicious damage, violent disorder, civil commotion or riots. Insurers will often ask for a crime number.
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    Evaluate your landlords contents insurance policy every year to determine if it needs updating. Keep your insurance company notified of any additional contents you purchase for the property. Regular valuations will help to keep the cover value up to date.


  • Landlords contents insurance should be placed with a reputable specialist at an affordable and competitive premium and the insurer should be one which deals with all claims as quickly and efficiently as possible. The Internet is awash with review sites. Do your homework.
  • Make the most of the Internet by doing price comparisons of Landlords Contents insurance policies. But don’t discount specialist brokers, it is sometimes easier to pick up the phone.
  • It is possible to get contents and buildings insurance from different insurance companies although you can negotiate discounts if they are bought together.
  • Once you have taken out an insurance policy, make sure you keep a detailed record of dates when you have visited and inspected your property.
  • If the property is left unoccupied for 30 days or longer, make sure you check understand the limits of your policy cover.


  • A Landlords Contents insurance policy is not a legal requirement, although not owning one is a very risky choice! Renting out a property without having adequate Landlords Contents insurance would be extremely foolish. Any number of things could happen while the property is being rented out and no landlord would want to find themselves in a position where they are totally unprotected because they have no insurance in place and, as a consequence, end up substantially out of pocket.
  • Don’t under-insure in the mistaken belief that it won’t matter and that you’ll save money. It can be very tempting knowing that you could save some money by under-insuring but if disaster does strike you could find yourself having to pay out many thousands of pounds to cover any damage that has been caused. It is never worth the risk. ALWAYS make sure you have adequate Landlords Contents insurance in place.
  • Make sure you check the level of your excess in your insurance policy. The excess is the amount of the claim that you would be required to pay on your Landlords Contents insurance. The rule of thumb is that generally the higher the excess on the insurance, the cheaper the insurance policy. You shouldn’t, however, go for too high an excess as this would preclude making any claim for many of the more numerous, smaller items.

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Categories: Insurance