What is Landlord and what does it cover?
Landlord insurance is a product designed by insurers, to cover off multiple risks at any one time under a single policy. The aim of the policy is to protect landlords from claims & other associated costs that come from the risks of renting accommodation, whether it be residential housing, flats, maisonettes or even commercial property, land or Houses of Multiple Occupants (HMO). Landlords insurance can even accommodate Unoccupied properties that plan to become rented in the future, and even agree to cover for Contract Works or Renovations to the property as well.
Risks faced by landlords on a daily basis can be anything from Trace & Access to Malicious Damage caused by tenants (or even guests of tenants), to the more uncommon losses such as Subsidence, Landslip or Heave. Either way, a well-placed landlord policy is essential to any individual, partnership or limited company, when preparing to or already do, rent their property.
Where can I get Landlords insurance cover and how much does it cost?
Landlords insurance can be placed via Holmes Insurance Brokers, either over the phone or with a site visit. We can cover properties, whether insured individually or on a group portfolio or even on investment policy.
Costs for Landlord Insurance can be very competitive with the current market trends favouring this type of insurance. For example, the cost for a Landlord Policy for 12 months cover, could start from as little as £112 a year including insurance premium tax. Leaving Landlords with the potential to have cost-effective premiums, with substantial cover.
You can contact us today for more information.
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