Is it compulsory?
Landlords' insurance isn't compulsory, but some lenders make it a requirement of taking out a buy-to-let mortgage. Building’s insurance is one of the main types of cover that a landlord will need. It is important because it protects the building in the event of a fire, flood or subsidence and covers the rebuilding costs of the property. Landlord insurance covers the home itself, as well as the landlord’s fixtures and fittings on or in the home, walls, gates, fences, hedges, terraces, patios, drives and paths that are listed in the landlord insurance policy.