There are a number of costs associated with investment properties, however landlord insurance is the one cost that may save you thousands in the long run. As an investor you want to minimise risk and make the most out your investment.
Landlord insurance gives you protection from some of the financial risks associated with renting a property.
Unfortunately, from time to time accidents will happen in your investment property and what you want to avoid is large repair costs.
The aim of landlord insurance is to provide cover for your property against loss or damage caused by unexpected events or tenants, which may be accidental or deliberate.
Taking out landlord insurance is peace of mind for a small cost against your property income.