in general
Letting property creates an investment income that is taxable by the Inland Revenue.  Insurance costs are an acceptable expense that can be claimed against any tax due on the rental of a property.  In renting out property covering your risks is the name of the game, as much with letting as in any other situation. 

Landlords that do not take out specific lettings insurance and use standard domestic insurance in their own name run the risk of invalid cover.  Such insurance may be void as the level of risk based on the owner living in his or her house is totally different from tenants living in the property. 

The Landlord is responsible for any items supplied with the let whereas the tenant is usually responsible for his or her own possessions.  Landlords Contents cover varies between insurers, some policies reject cover if a property is let to Housing Benefit claimants, others will not cover tenant theft, malicious damage or accidental damage.

buildings and contents cover

Landlords should ensure that you have adequate cover as a landlord for both buildings and contents of the property to be let. Initial cover should be organised when the property is advertised for let.  We can do this on your behalf if you are a new Key-Lets landlord, although you will need to pay for the cover up front.