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A musical guide to landlord insurance

Reading Time: 3 Mins Read

With each rental property in London worth at least £250,000 – and in many cases more than double that figure – taking the time to investigate what landlord insurance covers will pay off.   

Here, we take a musical journey through the type of cover your landlord insurance policy should include…

Accidental Damage

As Aussie actress Patsy Ann Noble sang in the 1962 film Live It Up, Accidents Will Happen.

While Accidental Damage cover comes as standard for home insurance policies taken out by owner-occupiers, it pays to check that your landlord insurance covers a tenant putting his or her foot through the loft or causing flood damage after letting the bath overflow.

Here at Assetgrove, we’re aware that Elvis Costello also released a track called Accidents Will Happen, but with 32% of private landlords aged over 60, according to a 2015 survey, we thought our choice of video would have greater appeal.

Malicious damage

This does not refer to the record label formed by London punk band Killing Joke. When it comes to landlord insurance, including this Malicious Damage cover in your policy protects buy-to-let investors against the cost of repairs should a tenant hold a house party that gets out of control or takes revenge on you in the event of a dispute.

Home Emergencies

As a reminder of the importance of landlord insurance, Swedish electropop duo Icona Pop released their Emergency EP in 2015.

Home Emergency cover not guards against the cost of arranging repairs following a gas leak, burst pipe, break-in or pest infestation, it ensures a qualified professional will be on hand 24 hours a day, 365 days a year.

 Landlord liability



According to US gospel singer Eddie Ruth Bradford: “Lord, you’re the landlord and there’s a leak in your building.”
Landlord Liability cover can protect a rental property owner should a tenant, visitor or workman become injured or their belongings damaged as a result of a fault in the buy-to-let property.

Legal Expenses

As Squatters Song by LA punk outfit Total Chaos reminds us, Legal Expenses cover reimburses a landlord for any legal costs incurred following a dispute with tenants. This type of cover typically includes evicting squatters.

Loss of rent

We’ve kept the most obvious song about landlord insurance until last… The title track from the hit musical Rent.

Loss of rent insurance is one key type of cover that landlord policies now offer.

This, however, is a source of confusion among rental home owners, with some believing this type of cover – also known as rent guarantee insurance – reimburses lost income caused by void periods. It doesn’t.

Bonus track

The best song to accompany our description of Assetgrove’s guaranteed rent scheme comes from ex-Pearl Jam singer Eddie Vedder’s version of Guaranteed.

Assetgrove’s rent guarantee scheme is more than an insurance policy. It can take the stress out of managing a rental property because landlords who sign up to the offer for up to five years gain the peace of mind of Assetgrove managing every aspect of the tenancy during this period, including finding tenants, collecting rent, maintaining the property so it complies with all legislation covering the private rental sector and dealing with all tenant issues.

This also means landlords can reduce their insurance costs because their rental home policies do not need to cover accidental or malicious damage, home emergencies, landlord liability, legal expenses or loss of rent.

For more information about Assetgrove’s guaranteed rent scheme, click here or contact us today.

Neil Jennings

Neil background is in marketing and business development and has over 20 years experience in the field. He runs Asset Grove and is involved in the marketing strategy for most of our campaigns.

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