Landlords insurance is a policy to cover a property owner from financial losses connected with their property which they let out. Mainly a landlord insurance policy will cover the building itself with the option of including the contents left within.
The amount you insure your property for should be the re-instatement cost and not the current market value. The Association of British Insurers provide a handy calculator tool that will tell you the re-instatement value for any property, anywhere in the UK.
The Association of British Insurers provide a handy calculator tool that will tell you the rebuild value for any property, anywhere in the UK.
If it was possible to turn your house upside down, anything that fell out would be classed as contents. Kitchen fitments including built-in appliances should be covered under the buildings policy, as is the case for bathroom fixtures and fittings. Free standing cookers, fridges etc that are not built-in should be included under contents
Take the scenario where your tenant is seriously injured because of a defect in the buildings or contents, it is most likely that he would hold you responsible for his injuries and possibly want to sue you for damages. Without landlord's liability cover you could face substantial losses.
The contents sum is the total sum of all of your belongings, including carpets and curtains. Contents cover does not include fixtures and fittings, as these are covered under buildings insurance.