Cheap landlord insurance quotes
We are pleased to offer cheap landlord insurance quotes: Insurance is available for residential and commercial property throughout Great Britain, whether you require cover for a single house or an HMO (Home of Multiple Occupation). Most different types of tenant are acceptable: Professional/ retired (i.e. the tenancy agreement is between the landlord and the tenant), council or housing associations (where the agremeent is between the landlord and the organisation, who have control of occupancy) or students. Online quotes are not available if the property is occupied by asylum seekers or refugees (although we offer a range of policies that can cover them), and we also recommend contacting us for vacant property. Landlords can combine insurance for residential property and commercial property e.g. shops/ offices on the one policy.
It's not mandatory to have landlord insurance, unless with a mortgage, but it is recommended
It is not compulsory to have landlord insurance, but it is recommended that cover is effected.There is no legal requirement to have cover on any house but an interested third party (e.g.. a mortgage lender) may insist on landlord insurance. It must be effected as a condition of providing the finance, since the house is the collateral and, were it to be destroyed, there would be no means of recuperating the money advanced should the landlord default. To that extent it is compulsory to have landlord insurance. (but the duty arises through civil/ contract law rather than in the avoidance of criminality). The interest of the lender (or anyone else who has a financial interest e.g. joint owner) must be noted on the policy and the insurance provider will contact them if the landlord fails to renew, or cancels their policy..
What exactly does Landlord Insurance cover: a simple guide for the property owner?
A standard landlord insurance will provide cover for the following. Usually the cover is split into several distinct subsections so that it is readily comprehendible. A cheap policy may offer reduced cover to minimise costs , so the best advice for a landlord is to check their insurance cover matches their needs - or contact us with any queries.
As well as the landlord insurance, it would be wise to take out: -
What events does landlord insurance protect against a brief summary?
With our landlord Insurance, you get protection against: -
Even with the best landlord insurance there are limitations, conditions and exclusions. For full details it is best to read the policy document, although the IPID gives a brief summary of cover.. It is important that the landlord realises that an insurance policy does NOT provide cover against everything, nor is it a maintenance contract: if loss or damage has occurred because of an event not listed under the policy then it will not be covered. Any endorsements that would apply to the policy will be fully detailed on the quotation.
How do I compare landlord Insurance products against each other?
To compare landlord insurance, cheapest isn't always best: A cheap landlord insurance is obviously attractive since the landlord saves money: however not all policies appear on price comparison sites - for instance the policy we offer online does not.
How can I get cheap landlord Insurance without sacrificing cover or claims service?
The best Landlord Insurance can also be cheap! A house that is occupied by a conscientious tenant is hardly any more likely to suffer a claim than one occupied by the landlord him (or her) self. Since the expected losses due to insured perils are similar the premium that needs to be collected, premiums can be nearly as cheap as a normal buildings insurance. Indeed some landlord insurance providers, only offer cover if the house is occupied by the tenant under an assured short-term tenancy agreement: this keeps claims down and the premium cheap. We offer cover for different types of tenants - students/ refugees/ asylum seekers and cover not only single buildings but also Homes of Multiple Occupancy (HMOs). The premiums to cover these occupants are not so cheap as the claims made are substantially more often.
Summary of Excesses that apply under the policy - subject to underwriting
The excesses depends on whether the property is commerical or residential
In areas of high theft or flood risk the excess may be increased to £2,500.00 and, in some cases) the peril excluded. The excess for residential property other than occupied through a rtired/ professional let is increased to £250.00: damage by the tenant to £500.00 and accidental damage cover is excluded.
How does the cost of landlord insurance vary with the type of tenant in the building?
With our landlord insurance, many tenancy types can be covered. The premium quoted will depend on exactly the tenancy type and the nature of the agreement.
What if I need to insure more than one house/ office/ shop/ commercial unit?
There are no problems if you need to insure more than one house: (or more than one shop/ office or combination). The quotation system automatically handles quotes for any number of properties - and immediate cover is available if the total sum insured does not exceed £3,000,000. Naturally, as brokers, we can provide quotes for portfolios exceeding this amount: simply submit the completed form with the full property schedule and well will look at it.
What if I live outside the UK?
Provided you have a UK agent and contact details are provided then we can provide cover (subject to other underwriting criteria). English law will apply
Houses of non-standard construction/ increased flood or subsidence risk.
For some types of property, landlord insurance can be difficult to obtain. Even in areas of increased flood or subsidence risk we can provides quotes and (usually) cover. The cover provided will depend on submission of a proposal form to underwriters and we cannot guarantee that cover for subsidence or flood will be provided. If it is then a substantially increased excess will apply.
Subject to referral to the underwriters of our landlord insurance, houses of non-standard construction i.e. other than built of brick/ stone and roofed with tiles or slates may be covered. (Flat roofs can be quoted for online, but there will be a requirement that the roof is inspected regularly if over 5 years old otherwise there will be no cover). Again a proposal will have to be submitted to underwriters.
Insurance by county in England, Wales and Scotland
We can quote for landlord insurance in the following counties: Avon, Bedfordshire, Berkshire, Borders, Buckinghamshire, Cambridgeshire, Central London, Cheshire, Cleveland, Clwyd, Cornwall, Cumbria, Derbyshire, Devon, Dorset, Dumfries and Galloway, Durham, Dyfed, East Sussex, Essex, Fife, Gloucestershire, Grampian, Greater Manchester, Gwent, Gwynedd County, Hampshire, Herefordshire, Hertfordshire, Highlands and Islands, Humberside, Isle of Wight, Kent, Lancashire, Leicestershire, Lincolnshire, Lothian, Merseyside, Mid Glamorgan, Norfolk, North Yorkshire, Northamptonshire, Northumberland, Nottinghamshire, Oxfordshire, Powys, Rutland, Shropshire, Somerset, South Glamorgan, South Yorkshire, Staffordshire, Strathclyde, Suffolk, Surrey, Tayside, Tyne and Wear, Warwickshire, West Glamorgan, West Midlands, West Sussex, West Yorkshire, Wiltshire, Worcestershire
Cover in Northern Ireland is not available online - but is if you call us: Our direct line for landlords insurance is: 01388 607140
Insurance in the cities
We can quote for Landlord Insurance in any UK city. These are: London, Birmingham, Leeds, Glasgow, Sheffield, Bradford, Edinburgh, Liverpool, Manchester, Bristol, Wakefield, Cardiff, Coventry, Nottingham, Leicester, Sunderland, Newcastle upon Tyne, Brighton, Hull, Plymouth, Stoke-on-Trent, Wolverhampton, Derby, Swansea, Southampton, Salford, Aberdeen, Westminster, Portsmouth, York, Peterborough, Dundee, Lancaster, Oxford, Newport, Preston, St Albans, Norwich, Chester, Cambridge, Salisbury, Exeter, Gloucester, Chichester, Winchester, Carlisle, Worcester, Bath, Durham, Lincoln, Hereford, Inverness, Stirling, Canterbury, Lichfield.
Other than in areas contained by the M25, we have one rate for buildings insurance throughout the country. Landlord Insurance for dwellinghouses in Cities in Northern Ireland is available - but not online. Please call us.
As well as landlord insurance we offer travel insurance with a range of policies. Customers can either obtain a travel insurance quotation online (Quote 'PORTWOOD10 for an extra discount) or find out more about travel insurance for the over 65 (with medical conditions), the over 70 (with medical conditions), the over 75 (with medical conditions) or the over 80 (with medical conditions). Alternatively we have a range of policies available that aren't quotable online and which we are only too pleased to discuss to enable the most suitable policy to be selected: these include long or extended stay travel insurance, backpacker travel insurance, annual (or multi trip) travel insurance.
Quotes are available for caravan insurance for both static and touring models including some twin-axle models such as Hobby and Lord Munsterland caravans. Please call us on 01207 509446 for a free no-obligation quote.
Cutting Prices, not Quality
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