Is it necessary to have both insurance cover?

Landlord Discussion
1

Is it necessary to have 2 insurance coverage?
For example, I have my usual building contents cover but also recently taken out landlords insurance cover.
Do I need both?
Thanks🙂

2

You should only have landlord insurance. You shouldn’t have regular home insurance.

3

Thanks, so I’m able to cancel the other one?
No doubt I’ll have to pay off the remaining months though :roll_eyes:

4

I had this question too and then realized that the landlord insurance covers what normal home insurance covers plus a lot more options. So guess only landlord insurance is sufficient.

5

I am having the same question, do we know from legal stand point what kind of insurance the landlord is expected to have pls?
Any help /advice is appreciated folks.
Thanks in advance :handshake: :handshake:

6

You only need landlord building insurance if you have a mortgage to satisfy the lender, otherwise you don’t “need” it, but of course you should have it still. Flats will usually have buildings cover as part of the service charge.

1 Like
7

Thanks for that update Mark, i do have mortgage and it specifies to have an insurance to cover for Building. I was hoping that there might be an explicit law stating “all landlords should have a certain type of insurance”, but seems like its more of a mortgage requirement.
I have pinged OpenRent help line, but they dont seem to have a clue and hence my query above.
Appreciate your help :+1:

8

It’s could also be a lease requirement.

9

Landlord Buildings Insurance is what you need. Also Landlord contents if property is furnished

10

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