Insurance for landlord: Is public liability insurance required?

When you’re taking out insurance for landlord, it’s always important to consider what you do and don’t need. Given that all tenancy agreements will be different, some things might be more important than others, whilst some kind of insurance might not actually be required. So is public liability insurance required, and is it important?

It’s safe to say that public liability, in literally most cases, is required. Renting out property is a great way to make money, but as a landlord, you must remain responsible for repairing fixtures and dealing with relevant matters to a high level, within the properties that you let. Failure to do so can mean that you are taken to court if you fail to pay for, or deal with repairs within an effective period of time.

Public liability insurance, hence, can cover these kinds of costs. Whether it’s damage to the building, or a leaky tap that must be fixed by a plumber, you will be required to pay for things that need fixing if you intend to remain in business. Public liability insurance is a great insurance for landlord, in that it allows you to claim for these kinds of costs.

For as long as you are letting property, you will have to cover these costs. Furthermore, you’ll have to continue being a communicative landlord. Public liability insurance means that you would have no reason not to stay within easy reach of your tenants, as any problems would be an easy fix. Simply claim on your insurance, and pay the right people to deal with the problem.

Of course, if the tenancy agreement that you have reached means that the tenant is required to deal with particular potential issues with the building, then public liability insurance would not be required. However, in most instances this is not the case, and this kind of insurance is a good purchase.