If you own a property that you let out to tenants, it is advisable to take out Landlord Insurance. It’s different to Home Insurance and is designed specifically for landlords.
Although you’re not legally obliged to take out Landlord Insurance, you could find yourself out of pocket if you don’t have the right cover.
This insurance is recommended for all landlords whether you have one or more properties in your portfolio. It’s also for accidental landlords – e.g. if you can’t sell a property so have decided to rent it out.
As well as standard cover that includes eventualities such as fire and water damage our experienced team know the landlord insurance market inside out. We will take time to understand your individual situation during your free consultation. After clarifying what’s important to you we’ll provide you with the most competitive cover solution that matches your needs.
You never really know what kind of tenants will rent your property. They could include professionals, students, local authority tenants, asylum seekers and more. We can also help if you need sub-letting cover. Our philosophy is very much: ‘If we can help you, we’ll recommend someone who we think can.’
If your property is damaged and becomes uninhabitable you are not only dealing with repair or even rebuild costs but, potentially, loss of rent. Not all policies include this as standard. If this is a priority for you then please let us know and we can ensure we provide the right cover solution for your needs.
Similar to residential home insurance this usually covers the structure of the building and fixed assets (e.g. kitchen / bathrooms). Contents can cover any items that were included in the rental agreement. Malicious damage and property subsidence can also be covered.
Safeguard your property investment today and take out Landlord Insurance. Don’t leave yourself exposed by leaving it to chance.
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At Bradgate FS we aim to make choosing and applying for a mortgage, protection, or insurance as stress-free as possible.