Calculate buildings costs
What a lot of people don’t know is that structures such as sheds and garages contribute towards building costs with landlord insurance. The Association of British Insurers (ABI) offer an online buildings insurance calculator so you can figure out how much insurance coverage you’ll need for your rental properties. Again, it’s critical to ensure that all buildings costs are insured; otherwise you won’t be covered for all structures in the unfortunate incident of a fire, flood or other disaster.
Contents insurance for furnished properties
Many landlords chose to provide furnished properties as it can give them an edge over the competition. This does, however, bring a higher risk of theft and accidental damage being caused to your precious furniture, meaning you’re going to need some home contents insurance. Contents insurance covers your possessions and can prove extremely useful when you’re not regularly around the house to keep an eye on things.