Landlord Insurance is for any new or established landlord. At Alternative Insurance Brokers, we offer two types of Landlord insurance. The first type is Landlord Home Emergency protect which includes your CP12 giving you less stress in this period. The other option we offer is Landlords Legal and Rent Guarantee which is the most common type of insurance used for landlords.
Standard Landlord?
If you just want standard landlord insurance then you need to know what it covers. In terms of standard landlords, it covers around 80 different essential covers including basics such as flood damage, to more interesting options like fire extinguisher expenses. Remember though to check the details of the insurance when purchasing it.
Further Detail:
Legal and Rent: The policy will indemnify landlords against the legal costs of evicting tenants for non-payment of rent, damage to property and other disputes up to a limit of £25,000. Additionally, if this landlord legal insurance is provided we are also able to offer an optional rent guarantee. This is to further protect the insured Landlord.
Home Emergency: We have created a landlord’s home emergency insurance product that is ideal for landlords who want to protect themselves from this hassle and exposure. The first part of our policy provides a 24 hour, 7 day a week helpline. You (or your tenant) can contact this if there is a problem.
Why is Landlord Insurance more important than Standard Insurance?
Landlords insurance has higher importance for landlords as some standard insurance cover. This is because it will not have certain factors which are important if owner of another property. These factors include Loss of rent and alternative accommodation which are not part of the standard home insurance cover.
We hope you found this useful and if you are a landlord we recommend that you don’t purchase standard cover. Unfortunately if you have you might suffer higher costs that would be covered if you had purchased the landlords insurance. If interested in either of the covers then call us now on 01613882520 or fill out this form.