It’s not a legal requirement to have Buildings Insurance, however, if you are looking to get a mortgage for the property then this may be one of their requirements, as well if you have a leasehold arrangement. Although it’s not a legal requirement, it is highly advisable as damage to the property could be very costly to repair and could cause loss of income if your tenants have to move out. We can also provide Loss of Income Insurance within your Residential Landlord Insurance package.