Landlord insurance (purpose built new build flat)

Landlord Discussion Property Investment
1

I know there are threads on landlord insurance but I couldn’t find guidance

My property is within a purpose built, new build flat that is leasehold and predominantly shared ownership. I was able to staircase and purchase all of my shares.

Therefore I know that buildings insurance is already covered and I pay towards that via the service charge. So do I need a separate landlord insurance on an unfurnished property?

2

You do not ‘NEED’, but you may prefer to have insurance to cover loss of rental income, Landlords legal liability etc.

1 Like
3

Thank you. I didn’t think about those aspects
It would be sensible

4

Are you allowed to let this shared ownership property? Check with the association that owns it if youre not sure as my understanding is that most dont allow it.