Landlord Building Insurance

Get protection for your rental property and your tenants.

If you’re investing in a rental property, keep your properties and tenants safe with Budget Landlord Insurance. 

What is landlord insurance?

If you are a landlord, there is a high level of risk, so it’s important to have the right protection in place. Landlord insurance is an insurance policy that covers a property owner from financial losses connected to rental properties. Landlord insurance covers the buildings within your property including any outbuilding that are within the boundary of your property.

Depending upon your insurer and level of cover, you may be covered for optional extras such as contents cover and landlord emergency cover. Please check your policy documents or enquire directly with your insurer for more information.

Why do I need landlord insurance?

Landlord insurance is not a strict requirement in the United Kingdom, however, it is advisable that anyone who is renting out a property have Landlord Insurance. The cover usually covers damage/ loss for buildings and contents as well as extra cover items for landlord dependent upon the insurer.

Budget Insurance offers landlord insurance to fit your needs and circumstances, read on to find out more.

Do I need landlord insurance instead of regular house insurance?

If you own of a property that you rent out there’s currently no legal requirement within the United Kingdom which states that you must have landlord insurance. However, we do recommend that you consider a policy which has been designed for landlords. A standard home buildings or contents policy won’t consider the potential risks that landlords may face.

What types of landlord insurance cover is available with Budget Insurance?

Landlord buildings and contents insurance is available to protect your rental property and contents within it, so whether you rent out a furnished or unfurnished property we have the right cover available to suit your needs.

Buildings insurance

Our buildings insurance will cover you for 1 million pounds if your rental property is damaged - or more if you request it.

What’s covered?

Your property including any outbuilding that's within the boundary of your property.

Which events are covered?

  • Fire, smoke, lightning, explosion, thunderbolt or earthquake damage
  • Storm or flood damage
  • Water or oil damage from any fixed water or heating installation, or from a domestic appliance
  • Subsidence and landslip on your property’s land
  • Damage caused by falling trees

We also cover:

  • Landlord liability up to £2,000,000
  • Loss of rent if your property is uninhabitable due to an event covered under this policy

Contents insurance

If you also want to insure any contents in your rental property, our landlord’s contents insurance provides cover from £15,000 to £99,000.

Which events are covered?

  • Fire, smoke, lightning, explosion, thunderbolt or earthquake damage
  • Storm or flood damage
  • Water or oil damage from any fixed water or heating installation, or from a domestic appliance
  • Subsidence and landslip on your property’s land
  • Damage caused by falling trees, aerials or satellite receiving equipment

We also cover:

  • Landlord Liability up to £2,000,000
  • Loss of oil or metered water up to 10% of the contents sum insured
  • Keys and locks replacement up to £250

What additional cover options can Budget Insurance offer me?

You can get even more protection with our additional cover options, which includes Family Legal Protection up to £50,000

Please refer to the policy document for full terms, exclusions and limitations.

Why chose Budget Insurance Landlord Insurance?

Budget Insurance is one of the UK’s leading insurance providers and we work with our network of selected insurers to find you great landlord cover. We offer great quality customer service which is supported by our UK Contact Centre and our 24 hour UK claims helpline.