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Buy-to-let insurance, also known as landlord insurance, is a type of coverage specifically designed for property owners who rent out their properties in the UK. This insurance provides protection against financial losses connected to rental activities, covering potential damages to the property, loss of rental income, and liability claims from tenants. Unlike standard home insurance, buy-to-let insurance addresses the unique risks associated with being a landlord, such as property unoccupancy periods, tenant-related damages, and legal disputes. It is essential for safeguarding investment returns and ensuring compliance with mortgage lenders' requirements, who often mandate this insurance as a condition of the buy-to-let mortgage agreement.
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