Landlord insurance - do I need it?

[Pud2]

I let my two bedroom flat unfurnished. I’ve just had the new policy through for landlord insurance and it’s £650. When I looked at the policy it doesn’t seem to include much. Do I need it? I also pay for buildings insurance which would presumably cover fire damage?

My insurance covers having to put tenants up in alternative accommodation Incase of house damage and legal support for evictions if needed and malicious damage.
Things that standard building insurance wouldn't necessarily cover.

I wouldn't say that you don't need XYZ insurance. No one needs insurance until you need to make a claim!

Landlords Buildings Insurance is obviously the most important but getting cover for rent payments may be worth looking into. I personally just have buildings and contents insurance but guess it is just a matter of opinion.

That's really expensive.
I pay just over £200 for an all singing all dancing policy through the co-op. Definitely shop around.

Of course you need landlord insurance

You won’t reside there.

I imagine landlord insurance is like every other insurance- your renewal quote is high, you can get much cheaper cover elsewhere, not shopping around just results in a laziness tax!

You need landlord buildings insurance, and potentially covering your contents if it's furnished.

Rent protection insurance - up to you, but in my 16 years of renting out flats in London to respectable employed types in their 20s, only one tenant has ever earned enough to qualify. Anyone earning over 35k isn't going to share a flat in z3. So I've never had it - but been aware this could mean 6 months lost income if tenants stopped paying.