Residential Property Owners insurance is designed for owners of residential buy to let property, from bungalows to blocks of flats. The landlord is insured against financial losses connected with their rental property. Policies can typically cover; buildings, landlords’ contents, contents of common areas, loss of rent and alternative accommodation, legal liabilities and legal expenses
It is not a legal requirement to hold landlords insurance but a standard home insurance policy will not cover a rented property. Mortgage lenders may insist you hold Landlords insurance, and if you do not have insurance in place then you may be in breach of your mortgage terms.