Why Landlords Need Protection
Landlords have mortgage obligations against properties. If you die or become unable to work,
these obligations don’t disappear. Your family faces losing properties to mortgage default.
Protection insurance ensures mortgages are covered.
Types of Landlord Protection
Life Insurance
Pays lump sum to family on death. Covers all outstanding mortgages. Term life (to age 65) or
whole of life (lifetime cover) available.
Critical Illness Cover
Pays if diagnosed with serious illness (cancer, heart attack, stroke). Allows mortgage payments
during recovery period.
Income Protection
If unable to work due to illness or injury, pays percentage of salary. Ensures rental income can
cover mortgages.
Calculating Landlord Cover Amounts
Calculate life insurance needed:
- Outstanding mortgages on all properties
- Inheritance tax on estate
- Family living expenses (after rental income)
- Property holding costs during sale
Landlord Protection FAQs
Q1: Is landlord life insurance required by lenders?
A: Not legally required, but strongly recommended. Lenders sometimes recommend it. Protects
your family.
Q2: How much life insurance do I need?
A: Minimum: outstanding mortgages. Better: mortgages plus living expenses and inheritance
costs.
Q3: What’s the typical cost of landlord life insurance?
A: Age and health dependent. On £300,000 cover: £15-£40 monthly for young healthy landlord.
Get quotes for specifics.
