What is land insurance in the United Kingdom and is it something you need? If you are a developer and either own land or plan to buy some, then you should know about land insurance. This article will explain what it is, the benefits it offers, who should get it and other useful information that will help you decide. 1. What Is Land Insurance- It is a form of coverage for property and it covers the landowner in the event someone is injured on their property and where the owner of the land is at fault. If the landowner goes to court over a lawsuit, then the insurance may help to cover any legal fees that are incurred.