Landlord Insurance for Family Members & Friends

Ashburnham provide insurance for landlords who let to family members and friends.

Choose the level of cover you require using our online policy form. Just fill in the tenancy details as you would any other tenant.

What does friends and family landlord insurance cover?

The most popular cover for landlords, irrespective of who you are letting to, is landlords buildings insurance which protects your most valuable asset: your property.

Buildings

Covers the financial cost of repairing a property’s structural damage. We cover both accidental and malicious damage as standard, in addition to environmental damage (e.g. flooding, storms, etc).

More about landlord buildings insurance

Contents

Recommended for furnished let properties, this will protect the landlord from the costs of repairing and replacing furnishing that have been stolen or accidentally damaged by friends or family members.

More about landlord contents insurance

Malicious Damage

Covers the intentional damage caused by friends, family or any other malicious persons to the landlord’s property.

More about malicious damage by tenant cover

Rent Guarantee

Covers loss of rent by guaranteeing monthly rent payments for a maximum of 6 months in the event that your friend or family member is in arrears and temporarily unable to pay.

More about loss of rent insurance

Public Liability

Indemnifies the property owner against liability if a tenant, guest or member of the public is injured on the premises, including cover from the financial costs of any claims made due to negligence.

More about landlord public liability insurance

Legal Expenses

Indemnifies the expenses in pursuit or defense of any disputes connected to a landlord’s property that require legal protection.

More about legal expenses insurance

About Landlord Insurance for Friends & Family

It can be tempting to relax your landlord-tenant protocol a little when it comes to letting to family members and friends, as you wouldn’t want to sour the personal relationship. But anyone with experience of letting to friends and family will advise you that you should still try to maintain a business relationship, and treat your family tenant as any other tenant you let to.

For this reason, it may be easier to use a letting agency or property management company to keep things professional and remove yourself from any awkward confrontations by acting via a proxy. By securing a deposit and having your friend or family member sign a tenancy agreement, you can set the terms of the tenancy from the very beginning and manage their expectations.

As a landlord, you will still be legally responsible for maintenance, fire safety, providing energy performance certificates, and gas safety checks, so it is only fair for your tenant to also keep up with their tenant responsibilities.

If a friend or family member is paying you rent for the exclusive occupation of your property, then you are legally their landlord no matter how formal or informal the arrangement. Your standard home insurance will not cover any rental activity, even if the rent amount is irregular (for example: “whatever you can afford”, or “20% of that month’s earnings”). That being said, some home insurers may still cover immediate family who live in your property rent-free even if you yourself do not occupy it. But you will have to double-check with your home insurance provider as to what they do and do not class as a let.

Our main advice would be to treat the tenancy as you would any other, this includes your landlord insurance.

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