As a landlord, your property is your livelihood and any disasters that strike your building will negatively impact on your business. Fires, floods, and natural disasters can prove especially damaging not only costing you money in paying for repairs but also because you will lose rent income while the building remains unoccupied. If somebody were to get hurt then things are even worse, but with a comprehensive landlord building insurance package you can protect against these and many other eventualities.
Natural disasters can be extremely damaging. Fire can completely destroy a property and can cost lives.
Even though you may not be responsible for the natural disaster itself, you are responsible for providing property that is fit for purpose and following floods and earthquakes it is likely that you will not only have to pay for repairs but will lose rental income too.
Of course, not all damage is natural. Criminal damage and vandalism can prove a major problem for some landlords while your own actions or inaction could lead to substantial costs too.
You should look for landlord building insurance that covers public liability as part of the policy too.
For a quick, no obligation quote on landlord building insurance request a quote online or call The Insurance Octopus today: