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Landlord Advice from Coversure Insurance Services

Landlord
Advice

Why buy Landlord Insurance?

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What is covered by Landlord Insurance?

Typically landlord insurance covers your property against risks such as:

  • Damage caused to your property due to fire
  • Damage caused to your property due to bad weather
  • Damage caused to your property due to flood or subsidence
  • Damage caused to your property due to malicious damage
  • Your liability to people using your property if they are injured or have their own property damaged due to your negligence

What is not covered by Landlord Insurance?

Usually there are reduced levels of cover if your property or properties are:

  • Left unoccupied for an extended period of time, say 30 days
  • Damaged due to normal wear and tear
  • Damaged as a result of poor maintenance or a general lack of maintenance

It is also worth noting that if you have a claim you will be expected to pay the first amount of that claim - the excess. This may be £250 or more, but if your claim is for subsidence it might be as much as £1,000.

Also don't forget that when seeking a landlord quote that you look to insure for the cost of rebuilding, rather than the resale value of your property.

What does Landlord Insurance cost?

As with any insurance the cost of landlord cover varies according to a number of factors, such as the value of the property, its location etc. If you would like to know how much landlord's insurance would be for you, then please contact your local Coversure Office.

Landlord Insurance: What to watch out for?

There are a number of things you may want to watch out for when getting and comparing landlord quotes such as:

  • Restrictions in cover whilst the property is unoccupied
  • If your property is near a lake, river or sea or any other body of water, check that you have adequate cover against flooding
  • Some insurers will offer landlord insurance on your property if you are in an area of flooding but may specifically exclude damage due to floods

Which Landlord Insurance options are worth having?

There are a number of policy options available for landlord cover and these include:

  • Accidental damage is available for a small extra charge
  • Options to insure the landlord's possessions
  • Options to insure the tenant's possessions
  • Terrorism Insurance
  • Malicious damage caused by tenants insurance

Legal advice and representations in disputes with your tenants and, typically, a legal protection policy will also provide assistance with debt recovery.

Landlord Cover: The Legal stuff

This is just an introduction to landlord cover and is not intended to be representative of the covers or restrictions offered by any particular insurance or that all insurance provide the protection described. You can get a recommendation for a particular insurance to suit your own circumstances by talking to the skilled staff at your local Coversure office.

Find your local Office

If you want our best price for your insurance or just want to make sure you have exactly the cover you need, it’s best to talk to your local Coversure office who will have access to our latest schemes and discounts.

Simply enter your postcode and find the contact details for your local office.





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