Do I Require Landlord Insurance For A Parent Renting A Property That I Own?

[annieigma]

My Father is living in a house that i own, and i need to get buildings insurance etc. the policy details say that it is insured for you and your close family etc. is my father regarded as close family?
Or is he regarded as a lodger so that i need rented property insurance?
Thanks.

[Peter Pedant]

what ?

No I am not aware that you have to insure anything or anyone

But I have buildings insurance for a let property. You usually cant insure contents of a tenant as you cannot mitigate loss ...

Is he paying you rent ? if he isnt - I would just let him live in it and check with your insurance company that it is OK

[annieigma]

Hi Peter,
last year i had tenenants buildings insurance, as the property is mortgaged and my father lives in it alone and pays a small amount towards the mortgage, so i regard it as let. Renewal is due, and i just wondered if i had the correct insurance.
Annie.

[Peter Pedant]

yeah you have - it is not required as far as I know
You wont be able to do your dad's contents - he would have to do that

even it is submarket rate it counts as rent ...

wesleyan do a good rate ....

[Dogsbody2]

Peter, since the property is mortgaged, the mortgage company will require building insurance?

I'm intrigued if you believe the OP can manage with a 'normal' domestic building policy as, even though it is a family member living there, it surely counts as 'commercial'. A policy that says it is covered for ' you and your close family' surely means that cover is for 'you who lives there PLUS a close relative also lives there'. In this scenario, the OP does NOT live there, and that doesn't sound like domestic policy to me.

I know you have extensive BTL interests, which is why I would appreciate further clarification (as well as for the OP).