Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I have a landlord insurance query that I hope some may be able to advise me on.
I am looking to get landlord insurance on a buy-to-let flat (yet to exchange) within a house that’s been converted into 4 flats in total. I will have a share of the freehold of the flat, which is held within a company. The company has a block buildings insurance policy and I therefore only need public liability insurance (the flat is unfurnished so I don’t need contents insurance).
I have spoken with a landlord insurance company and they informed me that I could not purchase public liability insurance on its own and had to have a form of contents insurance or building insurance in order to get this – is this correct?
I’m a little confused as I don’t want to buy extra insurance unnecessarily and I only want the public liability bit to insure me against any accidents the tenants may have (and possible accidental damage by tenants and track and trace).
Before I knew about the block insurance, I got a quote online, which included public liability and buildings insurance and this was roughly similar to the price I will be paying for the block insurance policy. The quote I was given on the phone when I just asked for public liability however, was even higher than this, which seems strange if it doesn’t include the buildings insurance aspect.
I want to make sure I’m getting the correct cover and not getting cover twice, so any advice would be very much appreciated.
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