Obtaining insurance for a company owning a house for refurb/letting?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Obtaining insurance for a company owning a house for refurb/letting?

    None of the online resources I have tried allows for a company to own the house. Any suggestions please? Thanks

    #2
    Didn't think any landlord insurance provider would have a problem insuring a property in a company name. We certainly don't. Think of how many management companies there are out there. Maybe have a look at the LandlordZONE Insurance Directory and try a few more.
    Steve Smith - Company Director at a leading Landlord Insurance broker with 20+ years experience in the industry
    LandlordZONE Verified Poster and Topic Expert for Landlords Insurance since 2009
    See my profile for contact details

    Comment


      #3
      I hadn't looked *that* far, but Meercat, gocompare, etc. etc. etc. all failed... good idea, thank you.

      Comment

      Latest Activity

      Collapse

      • Rent Guarantee Insurance
        by oi2004as
        Hi

        I would be interested in your view on the following

        I received a renewal Legal & Rent Guarantee Insurance documents from Rentguard (which initiallyy I purchased through Openrent)

        There is the following condition in their 'statement of fact':
        "The...
        11-07-2020, 11:59 AM
      • Reply to Rent Guarantee Insurance
        by tatemono
        that's the rent guarantee insurance we use and which has worked for us for many years....
        13-07-2020, 20:58 PM
      • Reply to Rent Guarantee Insurance
        by AndrewDod
        No 7.1 will not likely stand up in court. You cannot have open ended guarantor deeds that apply in this way robustly.

        The fact that you have said that it will apply also to unknown rental increases, for an unknown term, and covers unknown costs means that it is likely invalid
        ...
        13-07-2020, 19:39 PM
      • Reply to Rent Guarantee Insurance
        by oi2004as
        To jpkeates
        This is not about zero-risk option. The part which I do not like the most is that I become tenant-dependant for buying insurance.
        They may not reply to my email about their circumstances
        They may not provide correct information
        They may not allow to run re-referencing...
        13-07-2020, 19:14 PM
      • Reply to Rent Guarantee Insurance
        by theartfullodger
        HOW was the guarantee documented please? Enacted as a deed? Guarantor credit checked, given AST & guarantee and advised to take legal advice prior to signing, please?...
        13-07-2020, 19:06 PM
      • Reply to Rent Guarantee Insurance
        by oi2004as
        To AndrewDod
        I have a guarantor on this Tenancy Agreement.
        This is 12-month fixed and then becoming rolling (monthly) contactual agreement.
        The guarantor is a party to the agreement (signed)
        The agreement has the following clauses:
        7.1 In consideration of the Landlord agreeing...
        13-07-2020, 19:00 PM
      • Reply to Rent Guarantee Insurance
        by jpkeates
        I think you're looking for a zero-risk option, but property letting is an investment business with risk baked in.
        I don't blame you! But I think you're going to struggle.

        Like all of us, the rent guarantee insurance sellers didn't see the pandemic coming, and it wasn't covered in...
        13-07-2020, 16:25 PM
      • Reply to Rent Guarantee Insurance
        by AndrewDod
        If a guarantor agreement is valid at all (which is a BIG if) it is not going to be valid past the initial fixed term (no matter what it says) - so as much use as non-stick Sellotape or Jeremy Corbyn....
        13-07-2020, 16:08 PM
      • Reply to Rent Guarantee Insurance
        by Boab
        I doubt anyone in this town has ten years rent. I’m obviously being Uber selective on tenants , but I also wondered about guarantors as well. Does a guarantor have the absolute obligation to cover rent defaults or can they avoid paying as well?...
        13-07-2020, 15:47 PM
      • Buildings & Contents Insurance - Recommendations
        by landlord-man
        Can anyone recommend a broker / insurance provider? I have a 1st floor property with 4 flats.

        I'm looking for recommendations on who provided a fair quote but also any recommendations on companies who actually paid out a claim promptly / fairly.

        Thank You...
        13-07-2020, 10:57 AM
      Working...
      X