What is Landlord Insurance and why do you need it?
As someone who is responsible not just for a building but also
for the protection of the people and property inside, you need to
be sure that your investment is protected from a
wide range of possible events.
Landlord Insurance can cover unfortunate occurrences and the
unpredictable costs that can arise from being a Landlord, such as
accidental fire damage to your building and its’ contents, to your
own liability as a property owner or employer.
Whether you own a single property or a varied portfolio,
YOUR Insurance can help you find the right policy
for your needs.
Use our Benefits page to find out about what types of cover our
policies can provide.
How to buy Landlord Insurance from YOUR Insurance:
We want to give you the customer service you’ve been
looking for. We’ve created 3 straightforward steps
to help you choose your Landlord Insurance policy and
we’re available with advice at every stage:
- Ask questions: we’re here to help in the way
that you choose. In addition to the information on our website, you
can request a callback from our Customer Services team at a time
that suits you.
- Compare quotes: use the web form, send us an
email, phone us, or ask us to call you back with the appropriate
quotations that will reflect the best policy for you and your
business.
- Buy your insurance: online or via the
telephone through our UK-based team of qualified insurance
specialists
Why choose us?
Insurance shouldn’t interrupt the way you work, but you need to
know you have the appropriate cover. We make YOUR Insurance
work with your business. With YOUR Insurance, you can:
Spread your payments: to help you manage your
cash flow you can choose to pay your insurance premium in monthly
instalments.
Save time and money: we will email all of your
policy documents so you’ll have them immediately after going on
cover. If you have any queries, please call us, all of our
telephone numbers are free.
Know that you have financial security: by
taking out our Landlord Insurance policy you know you will have the
support of Europe's largest independent insurance intermediary,
Towergate
Underwriting Group Ltd
Key features of our Policies
All of our Landlord Insurance packages provide cover for:
Contents: cover is available for communal areas
and landlords’ contents for both furnished and part furnished
properties, including furniture and carpets, against theft or
damage.
Accidental damage: typically, this would cover
you against accidental damage to underground cables or pipework and
also for landlords’ contents such as carpets.
Property Owner’s liability
Employer’s liability: you’re protected in the
event of injury to any employees, such as property maintenance,
cleaners or gardeners – is the property maintenance phrase
correct?
Vacant premises : Empty properties are viewed
as a higher risk by insurers. If at any point your property becomes
vacant you should contact us (YOUR Insurance), as this may affect
your policy.
Optional features
Terrorism cover
If you would like to add protection against damage caused by acts
of terrorism, select this option as one of your insurance cover
requirements.
Things to look out for
To make sure that you get the most from your
insurance, you need to make sure that you bear these
things in mind when looking after your property:
Keep your property in good condition
Most policies expect the owner to keep the building, fixtures and
fittings well maintained and in a good condition. For example, you
will need to ensure that you carry out regular inspections of roofs
and walls and regular testing of electrics, gas and central
heating.
Damage caused by tenants
While a Landlords policy will usually cover against malicious
damage to your property, it will not usually cover you for damage
caused by tenants. It is in your interest to make sure that you’re
happy with the tenants you choose.
Theft by violent or forcible entry
When a loss occurs due to theft it is usually a condition of the
policy that entry was gained to the premises through violent or
forcible entry. For example, you would be covered by your policy if
a burglar gained access by breaking a window, but if they simply
walked through an open door you wouldn’t be.
Vacant premises
Empty properties are viewed as a higher risk by insurers. If at any
point your property becomes vacant you should contact your broker,
as this may affect your policy.
Average clause
This is applied by insurers in the event of a loss where the
insured item has not been insured for the full value.
