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For Landlords
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Insurance
What am I, As a Landlord responsible for?
As a landlord you would be responsible primarily for the buildings
insurance and for insuring your own contents. You are not
responsible for the insurance of your tenants property.
Will my Insurers continue to provide cover if I let my property?
Most insurers will continue to provide your buildings insurance
without any problems. However your contents cover may be changed.
Usually your insurer will not provide cover for accidental damage or
your excess will be increased as well as your premium. Also you will
very rarely be covered for theft by the tenant. Most insurers will
however pay out if there have been signs of forced entry.
Is there other ways in which I can protect myself?
There are several insurance policies on the market which are
specially designed for the Landlord. Please speak to one of
our negotiators if you are interested.
Buildings Insurance
Covers the rebuilding of your property following loss or damage
caused by fire, aircraft, malicious persons (including tenants),
accidental damage to bathroom fixtures and fittings and glass,
lightning, explosion, collision or impact, falling trees and
earthquake, theft by forcible means, subsidence, heave, riot/civil
commotion, storm, flood, escape of water or oil leakage – plus loss
of rent and your re-letting costs.
Contents Insurance
Cover for all of your contents on a new for old basis, for loss of
damage caused by fire, aircraft, smoke, malicious persons (including
tenants), lightning, explosion, impact, theft (by forcible means),
subsidence, heave, riot/civil commotion, storm, flood, escape of
water or oil leakage, breakage of mirrors and glass in furniture,
replacement of locks following theft of keys plus loss of rent and
your re-letting costs.
Legal Expenses
You may be unable to collect the rent, your tenants may damage or
remove your personal possessions or, indeed, make changes to the
house and its decorations. You may even be unable to regain
possession of your house. This policy covers your legal expenses in
disputes with tenants or unauthorised occupants.
Rent Guarantee
Total peace of mind for Landlords. If the tenant fails to pay the
rent, the insurers will pay the rent you would expect from the
property until vacant possession is obtained. |
