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Our website offers
landlord, buy to let, and rented property insurance and provides
cheap online insurance quotes. As we are insurance brokers, we can offer insurance quotes through
various insurance companies such as: Acumus, Towergate, Vasek, CX, MMA, Rentguard U-Sure, and Legal &
General insurance on UK properties.
We offer a landlord let property insurance
for building and contents (similar to house insurance) but do not stint on insurance cover.
You can chose to have a low excess and (unlike some insurance policies) include subsidence cover. (The policy the
company
will offer will have different excesses and insurance cover depending on the type of
tenant occupying it.) Landlords insurance is cheaper if you take a higher
excess (we quote up to £10,000).
Boiler Breakdown Cover
We offer boiler breakdown cover for let
property and your own home. The premium is £63.00 including IPT for let property and is suitable for gas boilers up to 20 years old
(by law they must be serviced annually). Similar cover is available for home owners for £59.85
(including IPT) , reduced to £47.25 for customers with house insurance with us. Click here
to buy online.
Information on
landlords Insurance
Introduction
Landlord Insurance,
AKA buy to let, is
similar to normal property insurance, the major difference is that the property owner does not live
on the premises. With the increase in landlords purchasing houses and needing insurance, companies introduced this product for their needs.
Is the insurance affected by the type
of tenant?
The specialist
landlord insurance providers soon realised that different types of tenants put in the property presented vastly different moral hazards
and set their rates accordingly. Hence the variety of products we now offer.
We split our
landlords insurance into several categories depending on the occupiers, ranging from
a professional
family in a detached property to properties for tenants that have to be housed by the DSS or
insurance for asylum
seekers in flats. It is because premiums vary according to this
wide range of tenants that we have decided to offer several different policies, as different
companies target the different classes of people. Whatever form of landlords
insurance you need, you can be assured that you will obtain a low cost quote.
Is insurance affected by the property
location?
Similarly, for landlords
insurance, the location
of the building is important. The cost for a property purchased near a river or on a flood plain,
which may suffer a large claim for water damage, or for a home built on clay,
which could result
in a claim for subsidence
in a drought could be substantial. Again, landlords insurance companies take different attitudes - some quote the same rate wherever it is situated,
other providers use the whole of the postcode for accuracy - another reason
why, as a broker, we offer different policies.
Can the landlord insurance premium be reduced
by reducing the sum insured?
As the price of
landlords insurance depends, usually, on the sum
insured on the home, we recommend that insurance based on the full rebuilding cost as
new is arranged. If the sum insured is reduced to obtain a lower premium, it could result in a claim
being substantially reduced by the company. Finally, as
landlords insurance companies ask different questions for underwriting,
our quote system needs you to answer more questions than usual to
obtain an accurate quote.
Can insurance be arranged on my tenant’s
contents on my own policy?
No. You can only insure
your own contents on your policy; your tenants must take out their own policy should they wish to protect their contents. The reason for this goes back to one of the
principal rules, which is that the entity that is being insured must be owned or
directly effect the person who is taking out the contract. If this rule is not strictly
adhered to, the contract can develop a moral hazard and end up more like
speculation/gambling.
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