Whether you own a single investment property or a portfolio, it is key to ensure that you have the correct Landlords Insurance to protect you.
Most landlords tend to let properties on an unfurnished basis so don’t normally worry about contents cover but is the kitchen and bathroom sanitary units included? These are typically the most expensive items in the house so it is essential to make sure you have the right cover in place to avoid any unexpected issues!
And if you let the property on a furnished basis have you protected your contents
Landlords insurance includes a number of specialised options to provide the correct level of cover for you so it is important to create a bespoke solution for your needs.
Are you renovating a property before letting it out?
A standard policy only allows the property to be empty for 30 days at a time. If the property will be empty for a longer period you need to ensure that your policy has an extended unoccupancy clause or you may find that you are not covered!
Are you protected for malicious damage?
Damage caused deliberately by a tenant is not covered under most standard policies so to protect you in this occurrence you need malicious damage cover. This policy would cover the cost of the repairs and the lost rent whilst the remedial works are completed. Simple peace of mind!
Does your cover allow tenants in receipt of DSS benefits?
Not all insurance policies will allow this condition and may not pay a claim under these circumstances. Protect yourself properly with a policy that covers the type of tenant that you let the property to.
Do you benefit from a Multi Property discount?
A number of portfolio landlords still have individual insurance policies for individual properties. By creating a multi-property policy with one insurer, you can potentially benefit from discounted premiums dependent on the number of properties included.
Landlords insurance can be complex so why not let us take the stress out of managing your insurance needs. Get in touch and ask for a free initial consultation to provide the reassurance that all of your properties are protected for you.