In truth by renting out your property to a tenant, you are effectively running a business. Therefore, it is vital you are adequately covered for all eventualities.

As a landlord, you have a legal responsibility towards any tenant living in your property. Purchasing landlord insurance including tenant cover means you are protected from the worst excesses of any situation.

Basic tenant insurance will cover buildings and contents and it will also protect your investment against damage and theft. However, there are several optional extras you can include. These include liability cover that protects you if a tenant is injured as a result of negligence.

You can also take out emergency assistance; every landlord will know that calling out a tradesman after hours is not cheap. If a water pipe bursts or a light switch becomes dangerous, these problems need to be dealt with as a matter of urgency. Emergency assistance will make sure all problems are dealt with quickly. Another option is to take out legal cover; which will cover the cost of taking a tenant to court to evict them or recover rent.