New Landlord Insurance Launched by Legal & General

Several days ago it was reported that Legal & General has launched specialised household cover for landlords.

Those who own more than one buy to let property can choose from a list of various cover options for a single premiums and even enjoy a discount. A 5% discount is available for landlords with 2 or more houses, while those who own 20 or more properties will get a 10% discount.

The policy includes up to £800,000 in building insurance cover and £2 million in contents coverage.

The new product by Legal & General received a 4* rating from Defaqto, UK-based independent research company.

Commenting on the launch of landlord insurance, Mr. Cooper of L&G said that "the flexible, yet comprehensive cover will help ease the financial and administration worries for those clients who are existing landlords as well as those considering building a portfolio of buy to let properties."

More details on the new products for landlords from Legal & General is available on the official website of the insurer.