Cheap Landlord Liability Insurance includes both financial cover and legal assistance
Compare cheap landlord liability insurance quotes online and enact the cover you are legally obliged to have in the eyes of the law. You also need to meet the terms and conditions under any mortgage policy you might have. The sums insured within liability insurance for landlords will provide for a financial safety net in the event that you are sued. It covers legal expenses when defending a claim as well as any damages so awarded by a court of law. Paying legal fees of the defendant should you be found at fault. Without adequate cheap landlord liability insurance policy documents you could find yourself in debt should you be found responsible. The type of claim a tenant may make includes personal injury claims while inside your property. Claims can also be made against you for damage to their personal belongings.
The best cheap landlord liability insurance policy will provide financial cover and legal assistance. Your letting business and property is at risk if you have inadequate cover. Today’s claims can see defendants awarded tens of thousands of pounds for slips and accidents if you are found to be at fault. This may lead to a significant hit on your savings or indeed the forced sale of the property in question. For a small monthly fee for landlord liability premiums you can have peace of mind, no matter what occurs. The incidents that a tenant may claim for may be proved not to be your fault. However cheap landlord liability insurance will cover any damages awarded to compensate for medical bills. Rehousing in the event of an emergency and replacements or sums paid for any content’s belonging to the tenant in the case of a fire caused by an electrical fault.
Cheap landlord liability insurance quotes need not be set at such a premium that it is not affordable. You can nominate sums covered and negotiate a higher or lower level of legal expense coverage. In either case you will have access to free legal advice, a legal team who can act as both prosecution and defence on your behalf. Your liabilities also extend to any staff you employ to assist in the letting business. Having the correct employer’s liability insurance for landlords will also make safe your finances in the event they claim against you. You can also seek employment advice from the ACAS website. For quotes on cheap landlord liability insurance and to protect your letting business from a significant financial hit, call us today for instant cover.