UK Landlords Insurance: property insurance in UK

Types of tenant.

Our UK Landlords insurance premiums depends on the types of tenant occupying the property - or if the property is unoccupied or vacant. UK Landlords wanting insurance should make sure they find the right sort of tenant and will have to tell their insurers if the type of tenant changes. Below are some of the categories of tenants for which we can obtain quotes online.

1. Professional Let Property

This is the cheapest landlords insurance in the UK. In a professional let - the tenant is in full time employment and the agreement is one of at least six months duration whereby the tenant pays the rent direct to the landlord. Property insurance is the cheapest - and more companies quote, because they perceive the tenant as being  a better moral hazard. Landlords with a professional let will need to check that the occupation of the tenant is acceptable to the insurer. For our professional let property insurance for UK landlords click here

Please note we have available an income protection policy that you can take out on your tenant. If your tenant becomes unable to pay the rent due to accident, sickness or unemployment then this policy will pay the rent for up to a year. you can arrange the policy in your name and make the tenant pay the premium as part of the rental agreement. Please click here for more information about rates, terms and conditions for our income protection insurance policy.

2. Subsidised Let Property

In a subsidised let the tenant still has the agreement with the landlords and the agreement is normally for at least 6 months however, due to financial situations, the tenant is unable to pay the rent in full, with the balance being paid by the DSS. Examples of such agreements could be people on low income, such as pensioners, or unemployed / unable to work due to incapacity. Some property insurance companies will accept people on low incomes but not the unemployed for this sort of let. For our subsidised let property insurance for landlords click here

3. Property Let to students

Property let to students has the characteristic that for much of the year the property may be unoccupied and also that the students, shall we say, may not be quite as careful in looking after the property. Rates for property insurance for the landlords may depend on whether or not there is cooking in rooms or shared facilities. Also, of course, it is likely that there will be regular change of tenants. For our student property insurance for landlords click here

4. Short period let property

Property let on a short period is not so easy to insure. As the tenant frequently changes there may be many times when the property is unoccupied. Property insurance for landlords is thus restricted in the number of suppliers and the terms may be more restrictive than for 'better' lets. For our short period property insurance for landlords click here

5. Let to DSS or Housing Associations

Whilst it cannot be denied that property let to the DSS or Housing Associations can be lucrative, nevertheless property insurance for landlords is even more restricted. The reason for this is that the landlord does not have any say in the type of tenant that may go into the property and thus runs the risk of damage to the property caused by the tenant. For our property insurance for landlords click here

6. Asylum Seekers

Probably the most expensive to insure. Property insurance for landlords of property used by asylum seekers is very limited in the number of providers. For our asylum seekers property insurance for landlords click here

7. Unoccupied Property Insurance

   Unoccupied property insurance is traditionally difficult to place. The emphasis is on risk management with the landlord being required to regularly review the property and take measures (e.g. turning off water, boarding up letter boxes) to ensure that the risk of a claim is reduced. Even so, cover may be restricted to 'FLEA' - fire, lightning explosion, aircraft. There are several reasons why the property may be unoccupied:-

• The property is to be sold e.g. the owner has died  and cover is required as their executors
• The property is being renovated and the purchasor will move in once repairs are complete.
• The owner of the property has just purchased it and not yet found a tenant
• It is an investment property and will be sold at a profit in the near future.

We quote for landlords of UK vacant unoccupied property online

Unoccupied at inception and between tenants

• Property unoccupied at inception will very often have limited cover as above BUT if the property is occupied by a tenant and then becomes unoccupied between tenancies property insurance for landlords cover will not normally be restricted immediately

Types of cover

• Fire, lightning, explosion, earthquake
• Storm, tempest flood
• Riot, civil commotion
• Theft, malicious damage (including damage by tenants)
• Property Owner's liability
• Escape of water or oil
• Impact by vehicles or animals, aircraft or aerial devices from them
• Storm damage to walls

Rebuilding Costs

On our web page there is a guide to rebuilding costs for standard property (brick/ slate & tile). You don't have to take advantage of the guide but we recommend you do so that you can see whether the sum insured you wish to use is adequate. The guide is only that - a guide - we do not guarantee that the sums insured quoted are adequate to cover the full rebuilding cost of your property.

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End of our guide for the types of tenants. If you would like further information or need help or assistance please contact us on 0844 8262616 and we will discuss your requirements

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