Welcome! Use the popout menu < left to explore the site. You are welcome to join the Forums to chat. Property Menu | Mortgages | No Money Down | Calculate Yield | Free B2L Book The differing types of Property Insurance available are: Landlord rent protection insurance When insuring a property which you intend to let, the risks associated are quite different to those insured through straight forward Home insurance. With this in mind it is important to find a specialist landlord policy. When letting a property it is vital that you inform your mortgage lender, insurer and lessee (for leasehold properties). Failure to notify these parties can result in insurance claims being refused. When completing an application for insurance you will be asked for the re-build cost. It is important that you enter the amount of money necessary to re-build the house NOT the market value. Making the mistake of entering the market value could considerable affect the premium quoted. In some instances the re-building value will be considerably lower or higher than its market value. Older properties in the lower priced areas in the UK will cost much more to re-build that their market value. Frequently insurers will not issue cover for properties being let to 'High Risk Tenants'. 'High Risk Tenants' can include tenants such as students, multiple single sharers and tenants who receive State Benefits. Many insurers offer a home emergency cover option which provides cover for a tradesman to call and remedy a home emergency situation, 24 hours a day, 365 days a year. This extra cover can prove invaluable for landlords who do not live near their property or who do not use a property management company. It must be stressed however, that this type of policy provides cover for emergencies only, this does not cover general maintenance. The majority of property in the UK is let unfurnished or part-furnished. It is worth enquiring into limited contents cover for your property which would cover fixtures and fittings. In addition to this, cover for liability can protect you against large compensation claims as a result of loose carpets, faulty light fittings and defective cookers. Featured Insurance:
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