If you are considering making a claim on your let property insurance you may wish to check the terms and conditions of your policy to make sure that your claim is valid. Some landlord insurance policies have exclusions but these will depend on the type of insurance you hold.
Unoccupied properties
Your rental property may only be fully insured if it is not left empty for a long period of time. If you are anticipating that your property is going to empty for longer than 30 days (or 45 days with some landlord insurance providers) you may wish to consider looking for an unoccupied property insurance quote. This type of insurance is not just for landlords but may also be appropriate for you if you are away from your own home for long spells or spend time abroad.
Loss of rental income
If your property needs repairing or renovating following a valid claim on your let property insurance you may also be able to claim for loss of rental income if you have this element of landlords rent protection.
You may be able to claim for loss of income until the property once again becomes habitable or up to a certain time limit, typically 12 months. Generally you may only be able to claim for loss of rental income if your property is damaged by an insured peril such as storm damage. You may not be able to claim for loss of income if your tenants do not pay their rent or leave the property before their contract is completed.
Legal cover
You may be able to claim for legal cover if you become legally liable to pay compensation to someone following injury on your property or incidents relating to the damage of your property. Generally legal cover is not payable under a let property insurance policy in cases where you are pursuing rental income from a tenant that has not paid.