The main difference between the two is what the property is used for. Landlord’s Insurance is for property that is rented, whereas home insurance is for property which you both own and live in.

Although many aspects of the cover provided are similar, it is important to remember that most home insurance policies will not provide cover for properties that are used for letting.

A standard home insurance policy won’t be enough for when it comes to letting out your property and you will need to get specialist cover. At the most basic, you will need to have buildings cover. But, there are many other options you may want to consider. If you let your property out as furnished then you should look at getting the right level of contents insurance. It’s also advisable to cover yourself for loss of rent and providing alternative accommodation should your property become inhabitable, plus cover for damage cause by tenants. And there are also legal fees to consider should a tenant need to be evicted or takes you to court.

There are different levels, and therefore costs, of insurance depending on the type of tenant you have in your property. If you make sure you have an appropriate policy for the type of tenant you are expecting to rent to, you will be covered. Costs may vary but it will ensure you are protected.

For example, if you let to students you may have higher charges than if renting to a single professional. It may be tempting to go for the cheapest option when insuring your property, but lower levels of cover could leave you open to risk.

Occasional claims are acceptable at normal terms. When you request an online quotation you will be asked for details of relevant claims.