Landlord Insurance

dialemma

Any advice please, we currently rent out our duplex to tennants. The Duplex is covered by Block insurance which the Management Company takes care of. I purchase contents insurance to cover our contents e.g. beds / lockers / electricals etc and the tenants are responsible for their own contents and belongings. My question is do I also need to take out specific landlord insurance to cover for public liability if the tenant was to get injured in the house? and if so does anyone recommend any providers or have any idea of cost?

TIA

jinkybhoy

I'd imagine the block insurance contains Public Liability cover.

dialemma

I have heard that often though only if owner occupied and not if property is leased so just wanted to see if anyone has any experience of this. Have contacted our Property Management Company but they are slow to give a definite answer and seem to be unsure themselves

Lantus

it would be very unlikely as this is a private area. Public liability would extend to the common areas which have a degree of public access.

One thing you may want to look at is getting landlord cover that insures against the excess of the block insurance. The excess can often be €1000 or as high as €15,000. If you claim on this then you are expected to meet the shortfall after the excess is deducted from the pay out.

Is there any requirement to have PL for inside a rented property?

dialemma

Lantus wrote: »

it would be very unlikely as this is a private area. Public liability would extend to the common areas which have a degree of public access.

One thing you may want to look at is getting landlord cover that insures against the excess of the block insurance. The excess can often be €1000 or as high as €15,000. If you claim on this then you are expected to meet the shortfall after the excess is deducted from the pay out.

Is there any requirement to have PL for inside a rented property?

Hi Lantus, thanks for that advice, and the question re: requirement for PL inside a rented property is a good one, this is one of the areas I'm looking for guidance on. Is it a thing that if my tenant trips over the carpet for example and breaks his leg (touch wood not) can he then rightfully sue me. Or if one of the tenants friends for example gets injured inside the property am I liable?

handlemaster

And who is the cheapest to provide LL insurance also?