a landlord you'll no doubt have your work cut out
already maintaining and managing your properties.
You need to know that when you have to take care
of your landlords insurance there's someone there
to offer expert help.
you need insurance for rented properties, there's
more to take into consideration than just the bricks
and mortar. Unlike ordinary home insurance, health
and safety also comes into the equation and as well
as property to look after you have people to protect
– both your tenants and yourself. It is essential
for every landlord to protect themselves against
potential legal actions arising from accidents,
injuries and even fatalities on their property.
this makes it essential to choose landlords insurance
that will protect you, your property and your tenants.
When choosing your provider look for policies with
the following cover:
to the Association of Residential Lettings Agents
(ARLA), claims for personal injury have increased
by 85% in the last decade. With awards of over £100,000
not uncommon, it is absolutely essential to have
adequate liability cover. Where buildings insurance
is included, most providers cover of £2m as
standard, and some allow upgrades to higher amounts.
that ARLA estimates that some 40% of UK properties
are under-insured, it is vitally important to make
sure that your insurance protection covers you for
the full rebuilding cost of your property. This
figure is the cost for rebuilding your property
if it was completely destroyed. This should not
be confused with the market value of the property
(which in certain circumstances can much higher
than your Sum Insured). It is equally important
not to underestimate your Buildings Sum Insured
since should it come to making a claim the insurers
will reduce the amount that they pay you in proportion
to the amount you have underestimated. The Royal
Institute of Chartered Surveyors Website (www.rics.org)
has a calculator which can guide you in calculating
your Building Sum Insured.
letting furnished property, you need to know that
if items get damaged, broken or stolen, you can
replace them. Look for providers, who offer replacement
goods on a new for old basis, and provides a range
of Sums Insured to cover your needs and includes
your carpets and furniture.
of rent insurance
the event of damage or repairs, covered by your
policy, which makes your property uninhabitable
by your tenants, look for a policy that will cover
a percentage of the buildings sum insured. This
will help you cover some of the cost should your
tenants need to vacate the property due to an insured
event. Some policies offer a variety of percentages
and term lengths for Loss of Rent. Ensure you choose
the right level of cover for your needs.
you have to make a claim and your property becomes
uninhabitable during the time in which repairs are
carried out, look for cover that provides alternative
accommodation for your tenants.
do happen and should any of your tenants or other
parties cause accidental damage to your buildings,
your landlords buy-to-let home insurance may cover
you. Some providers offer this cover free, depending
on your tenant type and others will make an additional
charge to your premium for adding this level of
This information has
been provided by Simple Landlords Insurance.
Simple we specialise in providing online landlords
property insurance and make it easy for you to choose
the cover, reliability and service you need. And
because Simple are experts in landlords insurance,
you're in excellent hands. Whatever your requirements,
we understand completely and provide hassle-free
protection through a choice of insurance options
to meet your individual requirements - all specifically
designed with the needs of buy-to-let property owners
in mind. With Simple everything is made easy for
you to arrange the relevant cover and everything
can be completed online.
your landlords insurance quote in just 2 minutes
online at www.simplelandlordsinsurance.com