Landlord insurance isn’t complicated — but there are a lot of misconceptions that lead landlords into dangerous territory. Believing the wrong “advice” could mean your property, your income, and even your personal finances are left at risk.

Here are the top 5 landlord insurance myths — and the truth behind them.

Myth 1: Home Insurance Covers Rentals

Wrong. Home insurance is designed for owner-occupied properties. If you let a property to tenants under a home insurance policy, you’re not covered — and any claim is likely to be rejected.

 Truth: You need a specialist landlord policy for let properties.

Myth 2: All Tenant Damage Is Covered

Not true. Standard policies don’t automatically cover accidental or malicious tenant damage. Many landlords only find out when it’s too late.

 Truth: Check if your policy includes tenant damage cover — it’s often an optional extra.

Myth 3: Cheapest Policy = Best Policy

It’s tempting to save money on premiums. But cut-price policies often come with major exclusions — like no loss of rent or limited liability cover.

 Truth: Always compare cover levels, exclusions, and limits, not just the price.

Myth 4: My Property Is Safe Enough Without Liability Insurance

Accidents happen. If a tenant trips on a loose stair carpet and sues, liability claims can run into tens of thousands.

 Truth: Liability cover is one of the most important protections for landlords.

Myth 5: Insurance Covers Empty Properties Automatically

Not always. Most insurers restrict or remove cover if a property is unoccupied for more than 30 days.

 Truth: Always check the unoccupied property rules and notify your insurer.

Final Thoughts

Believing these myths could cost you dearly. The right landlord insurance policy doesn’t just protect your property — it protects your income, your tenants, and your financial security.

 Ensure that your insurance won’t end up costing you money, call NetRent 01352 721300 today for a FREE comprehensive insurance review