When you’re a landlord, it’s common to be concerned about whether your tenants are looking after your property – that’s why insurance is instrumental to your peace of mind. Bricks and mortar are the best financial investment they say, so why would you risk not protecting your assets? Property insurance is not as expensive as you may think, and a quotation is free, so it doesn’t make sense to not check financial viability.
As standard, all Landlord Insurance policies will protect your investment against standard perils such as Flood, Fire and Storm damage; protecting the bricks and mortar is the priority for property owners. Besides the obvious, there are numerous additional cover options available, including accidental damage cover for the buildings, cover for malicious damage by your tenants, and even cover for contents that you provide for part/fully furnished properties, such as carpets, flooring, furniture, curtains and blinds, and any white goods such as refrigerators and cookers.
It is also common to have liability insurance included in your package to ensure you aren’t left out of pocket if a tenant or member of public is injured in relation to your property or outstanding repairs. Additional protection available includes cover for theft/attempted theft by your tenants, and cover for glass breakage, sanitary faults, boiler issues and burst pipes.
Connect Insurance can also arrange loss of rent cover so that in the event the property is rendered uninhabitable by a fire/flood, you as a owner are not left out of pocket due to reduced income during the repairs in relation to a claim. it is even an option to have alternative accommodation cover so your clients are provided with substitute residence during the ongoing repairs to your damaged property ensuring you do not lose revenue or good tenants following an incident.
PLEASE BE AWARE THAT NOT ALL MENTIONED COVER, FEATURES AND BENEFITS ARE PROVIDED AS STANDARD; SOME MAY BE SUBJECT TO ADDITIONAL PREMIUM, OR SUBJECT TO UNDERWRITERS TERMS AND CONDITIONS. IF YOU REQUIRE ANY SPECIFIC COVER, FEATURE OR BENEFIT ON YOUR POLICY, PLEASE ADVISE DURING QUOTING AND ENSURE THAT THE COVER IS INCLUDED PRIOR TO ACCEPTING THE INSURANCE CONTRACT. CONNECT INSURANCE BROKERS LTD ACCEPT NO LIABILITY SHOULD YOU REQUIRE A FEATURE OF COVER DURING THE POLICY DURATION THAT HAS BEEN OMITTED AS A RESULT OF YOUR FAILURE TO SPECIFY IT’S NECESSITY PRIOR TO INCEPTION.