Buildings
Insurance for Landlords
Landlord's
buildings insurance will protect the structure of your property
against all major perils. Normally this includes fire, flood,
earthquake, explosion, and storm, escape of water, impact,
theft, malicious damage and loss of rent. As importantly
landlords buildings insurance can cover your public liability
risk should a third party be injured on your property.
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Landlords
Contents
Landlord's
contents insurance covers the possessions of the landlord
whilst in a property which is let to a tenant. Kitchens,
bathrooms and radiators are generally covered under a buildings
policy. Occasionally with some landlords insurance block
policies these can be excluded. Fitted carpets & laminate
flooring are covered under the buildings section of our
landlord's insurance policy, if the contents cover you require
is limited to these items, you may wish to get a landlords
buildings quote from Zurich. If you require cover for furnishings
and possessions in the property then a landlord's contents
policy is required.
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Landlords
Legal Expenses
Landlord's
legal expenses insurance can cover a number of situations
such as recovery of rent arrears, or recovering costs associated
with malicious damage or neglect by tenant. In addition
it can be used to cover legal expenses involved in evicting
problem tenants or occupants illegally on the property.
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Rent
Guarantee Insurance
Rent
guarantee cover can be included in legal expenses insurance
and is invaluable for some landlords. It can guarantee you
receive the rent you are expecting from your property regardless
of your tenants personal circumstances, ability or willingness
to pay the rent. The monthly rent is covered up to £2500
per month and can be paid for up to 6 months.
If you have a mortgage on the property or have calculated
your rental income verses your outgoings this will ensure
you do receive your rent.
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Landlords
Public Liability Insurance
As
a landlord you are responsible for the safety of the property
that your tenants are living in. Should a tenant harm themselves
due to something dangerous in the property they can make
a claim against you for damages. Landlord's public liability
insurance will pay for any damages that are awarded to the
tenant as well as all legal costs. It would also cover you
for any damages that a member of the public may be awarded
as a result of injury or damage to them, or their property
caused by your property.
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Contents
Insurance for Tenants
As
a tenant your landlord is not responsible for insuring your
possessions while in their property. You must insure them
under a tenant's contents insurance policy which can be
tailored to your individual needs. Additional cover is available
such as accidental damage cover and cover for your possessions
while away from the home, this may also be extended to worldwide
cover.
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Commercial
Property Insurance
If
you own a commercial property and let it out to a business
or run your own business from the property, you require
commercial property insurance.
If suitable this may be combined with insurance for your
business such as stock, liability and business interruption
cover.
Block Insurance for Landlords
A Block policy could provide comprehensive cover with the
benefit of a discounted premium for 'bulk buying'. Properties
covered can be blocks of flats or an existing portfolio
of other property. We can provide the same high levels of
cover as for individual properties, and give the landlord
less administration worries with an easy to organise block
insurance policy.
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Property
Owners Insurance
As
a property owner you can insure your property against all
major perils, fire, flood, earthquake, explosion, and storm,
escape of water, impact, theft and malicious damage. Additional
cover such as accidental damage can also be included. Whether
your property is let to a residential tenant, a commercial
tenant, or you occupy the property yourself, we can provide
a quote for the most appropriate policy to meet your needs.
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Holiday
Homes Insurance
It
is imperative to get the correct policy if you let your
property to holidaymakers. The property may experience periods
when unoccupied between tenants and a standard let property
insurance would be inadequate. You can also cover your contents
against loss or damage and insure for any public liability
risk should a third party or tenant be injured on your property.
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