As a member of the Finnish Landlords Association, you get the first two months free on a new landlord insurance policy and the first month free on life insurance*. These benefits are available to individual members who own investment properties privately. You can conveniently purchase the insurance from our online store after logging into the member pages.
Why does an investment property need its own insurance?
1. You ensure you have insurance that covers damages not compensated by the tenant’s home insurance or the housing company’s insurance. Insurance premiums are tax-deductible.
2. The insurance covers legal expenses in rental dispute cases.
3. You can extend the insurance with additional coverages that compensate for tenant-caused intentional damages and lost rental income if the property becomes uninhabitable due to damage.
4. If’s landlord insurance has been developed in cooperation with the Finnish Landlords Association – it was again chosen as the best insurance in Finland in a comparison.
What are the benefits of life insurance?
1. If there is an outstanding loan on the investment property, life insurance can help redeem the property, pay off the loan, and allow selling the property calmly for a better price.
2. The death of the property owner may cause changes in the deceased’s family income, and life insurance can cover rental income during the transition period.
3. The compensation provides time and flexibility for asset realization after death (e.g., inheritance taxes or estate division).
*Life insurance for members of the Life Insurance Federation is provided by Kaleva Life Insurance Company and for other customers by If Life Insurance. The companies’ agent is If Insurance.