What Cover Does A Landlord Need By Law? Do you need both Landlord insurance & Home insurance?

By virtue of the Residential Tenancies Act 2004, Landlord’s should have Property Damage and Public Liability cover in place for every unit they provide for private rented accommodation.

Types of Insurance Available

Apart from that, other insurances, which are mandatory, are those prescribed by a contract e.g. the terms of a mortgage or loan / the terms of a lease agreement. Either or both of these contracts may require you to insure property, glass, loss of rent, public or employers liability.

Generally, the types of (Landlord) insurance available are Landlord Home Insurance or Property Owners All Risks Insurance, the latter being the more appropriate for an investment property, be it residential or commercial. They will generally extend to cover all of the items required under a mortgage or lease agreement and provide the required legal indemnity to the financial institution.

Find our more about our landlord insurance here.