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Forums > Active > The Netrent Forum
Subject: Insurance for a leaseholder

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Author Messages
aidan
Posts:2
16 Mar 2010 15:16:02 Alert 
Hi, i own a 2 bedroom flat, I am thinking about renting it out soon, i have never had insurance while i live there.

The building itself is insured by the owner and i hadn't
planned on further coverage as it will be unfurnished and anything major/structural would be covered under building insurance.

Having read a few posts, i wonder, am i being naive? i guess there could be legal issues or other things i should be covered for, can anyone advise me before i jump on the phone to an insurance broker? Thanks
Bill the Landlord
Posts:18
16 Mar 2010 18:46:17 Alert 
Get a copy of the insurancedocuments and just check it covers all the things you want covered. There may be an issue that prevents you renting it out, possibly even that the insurance doesn't cover the property if you rent it out. It's unlikely but better to check up front. If you have no furniture then you probably don't need contents but you might consider public liability. The other insurance you might want to consider are rent & Legal protection and maybe emergency cover.
aidan
Posts:2
19 Mar 2010 16:40:34 Alert 
Thanks Bill, i really appreciate the reply. I am going to do as you suggest.
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Forums > Active > The Netrent Forum > Insurance for a leaseholder


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