A comprehensive landlord insurance policy should have the
following features available. (Some may be included automatically, some
may be optional extras)
Accidental Damage for Buildings
Accidental Damage for Contents
New for old Cover for Contents (no deduction for wear
and tear for most article)
Reinstatement Cover for Buildings (no depreciation)
Loss of rent - should the property be uninhabitable
after an insured event
Liability cover as a property owner.
Employer's liability insurance - if the landlord
employs maintenance staff etc.
Legal Expenses Insurance - to cover costs of
reclaiming the building if the tenant refuses to leave as well as
contract disputes and possible tax investigations
Rent Guarantee Insurance (may be an optional extra to
the Legal Expenses policy), to cover loss of rent if the tenant
refuses to pay it - usually only available if references are taken.