LinkU2 Business Directory - RSS Feed

Want a good deal on your Landlord Insurance

Discount Landlord Insurance provides landlord insurance and other buy-to-let insurance at extremely competitive rates. Our simple online quotation system enables you to get price-beating quotes within 60 seconds. Just visit Discount Landlord for a hassle free, money saving way to buy landlord insurance.
And if you’re still not convinced....

We will match any cheaper quote within 28 days or refund the policy in full.

Covers all standard perils including employer and owner liability.

Online quotes in 60 seconds.

Payment methods to suit you!

All our policies are underwritten by leading UK based insurance companies.

What is landlords insurance

As more and more people are becoming landlords - from property investors looking for an alternative to a pension to accidental landlords and seasoned professional landlords - landlords insurance is becoming ever more popular. The market for landlords insurance is also becoming more competitive and more and more providers of landlords insurance are springing up. So as buying landlords insurance becomes more confusing it becomes even more important to ensure that your buy to let property is insured with a reliable landlord insurance company. Buy to let insurance is like any other insurance; it can be confusing and what seems like a good deal at the time can turn out not to be when you try to make a claim. Here at discount landlord insurance we aim to deliver you a comprehensive landlord insurance policy at market leading let property insurance rates. Remember that when you rent your property out normal home insurance is not suitable and you will need landlord insurance to cover you against fire, theft, leaks, liability and all the standard perils that your mortgage lender will require you to have. Discount landlord can cover you against the following:- Buildings Insurance - On our landlords insurance we cover your investment property against all usual perils such as fire, theft or storm damage. The bricks and mortar will be covered as will bathroom and kitchen fittings. The structure itself is insured against most risks for the cost of repair or rebuild. Contents Insurance - This type of landlords insurance covers any fixtures, appliances and furnishings within the rental property against any loss or damages during the normal course of a tenancy. This includes carpets, curtains and all those things most landlords include when they let their property out even if it is let unfurnished. Loss of Rent Cover - When the rented property is damaged, it would lead to unoccupancy of the property and would result in loss of rent. Having Loss of Rent covered in the policy can compensate the rental income loss for up to 30% of the property buildings sum insured. This is an invaluable section on any landlords insurance policy. Accidental Damage cover - Accidental damage refers to damages due to unintentional and unexpected external actions. Some companies may offer this at an additional cost; however our landlord buildings insurance covers properties against all accidental damages as standard. Alternative Accommodation Cover - Landlords with uninhabitable properties due to loss or damage have to re-house their tenants temporarily. Discount Landlord provides alternative accommodation cover to help landlords to “redeem” the cost of re-housing for up to 30% of the buildings sum insured. Apart from the standard landlord household insurance, other landlord insurance options may also be available for investors in the buy-to-let industry - such as Commercial Property Insurance and Legal Expenses and Rent Guarantee Insurance . It is important for landlords to distinguish between these forms of landlords insurance as different types of landlord insurance are designed for different purposes of letting.

Details and importance of Landlord Insurance

Many people have ignored the importance of purchasing insurance for their rented properties. It has to be noted that property is one of the most valuable assets of an individual. And getting the right insurance for your property and assets are necessary for your own protection. It is always important to look for the right insurance for your property and its contents. It is essential for landlords to know what kind of house they have, the types of tenants as well as the properties’ surrounding areas. This information is necessary when approaching the insurance companies. There is always a false belief that standard home insurance is suitable to cover your rented properties; however, not only will you waste money on the wrong insurance, your claim might also be declined if accident happens. Thus, it is crucial to look for the specialist landlord insurance to cover the buy-to-let investment. Apart from normal buildings and contents insurance cover, there are other major aspects you may want to consider when purchasing landlord insurance: 1. Accidental Damage Cover Accidental Damage on both buildings and contents is usually an additional cover; however it might also come as a standard. It refers to a result of an unintentional and unexpected external action that harms your property or its contents. Some insurance providers offer this cover for free depending on the type of tenants renting the properties; however, it should be noted that some companies may offer this at an additional cost. 2. Alternative Accommodation Cover If the property becomes uninhabitable and you need to temporarily re-house the tenants due to loss or damage, alternative accommodation cover is needed. Alternative accommodation for tenants is often quite pricey; thus, as a landlord, it is important to look for an insurance that provides this cover to help you to “redeem” the cost for re-housing your tenants when your property becomes uninhabitable. 3. Loss of rent cover When your property is damaged, the cost is not the only factor you have to consider, but also the time it takes to repair and the unoccupancy of the property under construction. These problems would affect your investment resulting in Loss of Rent. Having Loss of Rent covered in the policies, your loss of rental income can be compensated. Some companies will also provide a maximum cover with 20% of the property rebuild value due to the damage. Not only can the rented property be covered by the standard residential or commercial landlords insurance , landlords can also be insured with the legal expenses and rent guarantee insurance, which serves to cover the legal costs and rent-arrears when the tenants break their commitments under the tenancy agreement; therefore, this type of insurance is crucial especially under this current economic situation. Finding an appropriate But-to-let insurance that suits the landlord, property and the tenants is essential as the insurance should be able to cover most of your needs and concerns. Landlords should never neglect to get insurance once the rented property is bought. It serves to put you in a secure position regardless of the economic situation.