Landlord Insurance UK: Beneficial For All Landlords

2007-03-08 10:33:40

( Insurance )



Landlord insurance UK protects you from certain risks that can include burglary incidents, fire, vandalism, flood, unpaid rent, any damages sustained by employees working for you, or any tenant disputes.

Landlord insurance UK is available under different types of coverage:

Landlords buildings only insurance provides coverage for a building’s repair or reconstruction of its interior or exterior structure including its permanent fixtures and fittings. Landlords buildings only insurance can provide coverage regardless of the reason for the damage on your building structure including vandalism, collision, explosion, burglary and many more.

Landlords contents insurance provides a landlord protection from any damage or loss for any items found within the landlord's premises. Landlords contents insurance policy is fairly flexible in the items can be covered: furniture, fixtures, fittings, carpets, blinds and the like.

A landlord’s emergency assistance coverage can protect you from any emergency repairs that are required by the building or property. This can include plumbing, electrical works, change of locks, misplaced keys, windows, gutters and roof repairs. An insurer will normally provide you with a certain coverage limit for this type of coverage.

Rent guarantee and legal expense cover provides protection against any unpaid rent, expected rent until your property is leased once again and any legal expenses that are involved in obtaining a new tenant.

Public liability coverage can give protection against any bodily injury or damage to your property that occurs during office hours.

An employee’s liability insurance provides coverage for your building employees in the event any injuries or illnesses are obtained while working for the landlord.

Purchasing different types of landlord insurance coverage can be done separately; however, you can lower the cost of your premiums, if you purchase the different types of landlords insurance UK under one policy.

Landlords insurance claims may be settled in two ways: you can be given a cash value for the damage of your property, or a replacement value. Cash value settlement allows you to pay a lower premium because depreciation is subtracted from the value of your property. Replacement value will pay for all the costs required to repair your property.

Because landlord insurance UK only covers for the rights and property of a landlord, a separate renter's insurance must be purchased by the tenant to obtain protection from any liabilities while staying in the landlord’s premises.


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