Landlord insurance is essential because it protects property owners from potential financial losses due to property damage, liability claims, or loss of rental income, ensuring that their investment is secure even in unexpected situations.
In the event of property damage due to a fire or flooding, buildings insurance would cover the rebuild costs and will usually include the rebuild of structures within the rooms themselves such as bathroom suites or kitchen units. Contents insurance would protect assets such as furniture and electrical goods, kept within the let property.