What Does Landlord’s Insurance Typically Cover?

In Ireland, landlord’s insurance typically provides coverage for a range of risks and liabilities associated with renting out a property. While specific policies may vary, here are some common aspects that are typically covered by landlord’s insurance in Ireland:

Building Coverage

This includes protection for the structure of the rental property itself, including the walls, roof, floors, and any permanent fixtures. It generally covers damages caused by fire, storms, vandalism, or other specified perils.

Contents Coverage (optional):

Landlords may choose to include contents coverage to protect their own belongings within the rental property, such as furniture, appliances, and carpets. It is important to note that the tenants’ personal belongings are generally not covered under the landlord’s insurance policy.

Loss of Rental Income:

If the property becomes uninhabitable due to a covered event, such as a fire or flood, the insurance may compensate the landlord for the lost rental income during the period of repairs or until the property is habitable again.

Liability Coverage:

This provides protection if a tenant or visitor suffers an injury or property damage due to the landlord’s negligence. It typically covers legal expenses and compensation awarded in such cases.

Legal Expenses:

Landlord’s insurance may cover legal costs associated with pursuing or defending legal actions related to the rental property, such as eviction proceedings or disputes with tenants.

Malicious Damage by Tenants:

Some policies may offer coverage for intentional damage caused by tenants, such as vandalism or intentional destruction of property.

As ever with insurance, it is important carefully to review the terms and conditions of any insurance policy, as coverage will vary between providers. Additionally, certain events or risks may be excluded, such as wear and tear, tenant defaults, or acts of war. To ensure comprehensive coverage, it is advisable to consult with an Insurance Broker who can guide you based on your specific requirements.