Residential Landlords Buildings and Contents Insurance
Protect your valuable assets against unforeseen risks, accidents and damages.
If you are renting out a property to tenants, you will need more than just home insurance. The additional risks associated with a rented property aren’t usually covered under a home insurance policy. In fact, most mortgage lenders will insist you have a landlord insurance policy before you rent out the property.
As well covering a wide range of perils including fire, floods natural disasters, break-ins our specialist landlord property owner’s insurance policies also include:
- Liability Cover – In case your tenants are injured in your property
- Loss of rent – Guarantees your rental income in the event that your property becomes uninhabitable
- Alternative Accommodation Cover – In the event that your tenants have to stay in alternative accommodation until it is safe to move back in.
- Landlord Contents Insurance – To protect your possessions within the rental property.
- Landlord insurance can also be extended to cover multiple properties, to ensure your entire portfolio is protected.
- Unoccupied property – When a property becomes vacant, most standard home and let property policies are no longer valid, usually after 30 days of un-occupancy. Therefore, in the first instance you should inform your existing insurer and depending on the circumstances they may be able to adapt your policy. However, most insurers do not accept long term un-occupancy. If you find yourself in this position, we have a panel of insurers that will be able to assist you in this circumstance.
With Alexander Swan, your property is shielded from the unexpected, ensuring you recover from your losses, your property remains secure and your investment continues to thrive.
If you already have a property owner’s policy in place, it is worthwhile checking you have the right level of cover to meet your needs. For example:
- It is common for landlords to underestimate the value of their property, meaning that should you need to make a claim, you could be out of pocket by having to cover any surplus.
- It can also be the case, that landlords overvalue their investment property, the result being unnecessarily higher premiums.
We are here to help!
Our experienced team can give you some guidance on how to go about ensuring you state the correct value on your policy. We can also help you check if you need to consider a specialist policy.