LANDLORDS
Landlords are facing increasing costs and legislation overload. If you self-manage your properties, make sure you keep up to date with your responsibilities of being a landlord.
Types of landlords we can ensure:
- Individual Houses/Flats/Blocks of Flats
- HMO (Houses with Multiple Occupants)
- Property Portfolio – Multiple properties at various addresses all on one policy, with one renewal date.
Correctly valuing your property value
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.
Our experienced team can give you some guidance on how to go about ensuring you state the correct value on your policy.
Renovations
If you are making, or planning to make, renovations to your investment property, you may find it isn’t covered under your existing landlord insurance policy.
Self-build, extensions, and renovations can be an issue under a standard policy, especially when carrying out structural work.
It’s best to plan ahead, so if property renovation is a consideration, check to see what is covered with your existing policy and contact us to discuss a specialist policy, if required.
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When a property becomes vacant, most standard home and let property policies are no longer valid, usually after 30 days of un-occupancy.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 the 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.
Who can help you?
To discuss our special commercial business insurance policies in more detail, speak to: