When a tenant causes damage over and above their security deposit value, or perhaps if you’re making repairs to the building or items you have within the property.
In the case of gas leaks, flooding etc., you may be faced with large repair bills – consider insuring against these cases as part of your landlord’s insurance package.
Landlords face a different set of responsibilities compared to a regular homeowner, and facing any legal challenges (such as evicting tenants) could prove quite costly. You can cover legal expenses with a part of your insurance package with many of the providers.
In the case of a tenant not paying you rent under the terms of their AST, you will be covered for a specific period as you go through the process of evicting them from your property. Pay particular attention to the details of the different policies; some cover you for different amounts and only begin payment after a certain period of non-payment of rental (for example, 6 months).