I have a flat in a building which is insured by a social housing landlord. I also have 2 tenants who will also be insured. Given that the building is insured and the tenants are insured, do I, as the landlord also need to insure the property or the flat?
Any clarity on the subject gratefully recieved.
I cant really advise you on insurance, but my understanding is that the key components of landlords insurance are public/third party liability and tenant injury. Some other things landlords often include are legal cover, contents cover and rent guarantee cover. I have flats in blocks where the block is insured and public liability is standard and in these I haven’t bothered with any other insurance. It really depends on a landlords appetite for risk.
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Have you seen the buildings policy ?
Is it valid ? If so what does it cover
If this were me I’d get my own for the flat
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