If your property suffers a fire or flood, it can result in major structural damage and expensive repair costs. That’s why it’s important for landlords to protect their investment and their pocket with Landlords Building Insurance.

When insuring your property, it’s a good idea to protect against all insurable risks to the full rebuilding cost, including the cost of clearing the site after complete destruction and all professional’s fees.

It’s important to remember that you should only insure it for the rebuild value and not the market value of the property. This is because the sale price is often higher than the rebuild value, which will make your premium higher than needed.

Every Landlords Building Insurance Policy will vary depending on the type of protection you need. Many mortgage lenders require a minimum of building insurance to your evaluated rebuild value to protect their interest in the property if damage occurs.

To get an accurate Landlords Building Insurance valuation, especially in the case of unusual properties such as listed or conservation area types, it’s a good idea to hire a Chartered Building Surveyor.