Have Adequate Insurance Cover

Landlords have many potential liabilities and it is vital that they carry sufficient insurance cover. The landlord is responsible for insuring the property itself and should also insure their own contents. Landlords are strongly advised to take out specific landlord insurance covering tenant and third party risks (public liability).The biggest risk you face as a landlord is not damage to your property, it's the possibility of being sued for negligence for injury to tenants, visitors or the general public - claims can be enormous.

Only landlord's insurance will cover these risks - normal household cover is simply inadequate. Tenants should be advised to insure their own contents. Tenant's policies also cover a range of other basic risks. There are specific policies available for landlords with student lets and HMOs, and for the tenant.

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