Insurance quandary

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

  • Insurance quandary

    I have landlords building insurance on my houses and landlords contents insurance on my flats as the buildings are insured by the freeholder. I have now bought a flat which I intend to rent out unfurnished, is there any insurance I can take out to cover me as a landlord which is linked to neither the building or the contents?

  • #2
    Cover you for what exactly !!

    Comment


    • #3
      The other bits which come with landlords building or contents like public and property owners liability.

      Comment


      • #4
        Jophus, I am guessing you have read this other thread:

        http://www.landlordzone.co.uk/forums...rance-quandary

        I just have £5000 contents cover from Directline for the appliances, curtains and carpets. I think for the small extra you will pay above liabilitly cover only, you might as well cover those other things.

        Comment


        • #5
          There are many insurance policies a landlord can get. Obviously the main ones are buildings and contents that you are aware of but you can also get things like: rent guarantee, legal protection, emergency assistance to name the main ones.

          It is possible to obtain public and property owners liability in a separate standalone policy but in most circumstances these would be provided under the buildings/contents policy.
          Steve Smith - Company Director at a leading Landlord Insurance broker with 17+ years experience in the industry
          LandlordZONE Verified Poster and Topic Expert for Landlords Insurance since 2009
          See my profile for contact details

          Comment

          Latest Activity

          Collapse

          • Freeholder wants to change condition on lease renewal
            John Youngs
            I am in the process of purchasing a new 125 year lease on a BTL flat. The current lease says that in the event of a rebuild of the block being necessary the freeholder will pay any shortfall between the insured value & the rebuilding costs. The new lease removes this liability so only the insured...
            19-08-2017, 12:05 PM
          • Reply to Freeholder wants to change condition on lease renewal
            John Youngs
            Thanks for the reply.

            The lease is down to 56 years, the new one will be 125.

            The current valuation for rebuilding is £7m & insurance is £10m so is ok now. But I wondered what incentive there is for freeholder to keep this up to date. perhaps what you say about adequate...
            19-08-2017, 14:12 PM
          • Reply to Freeholder wants to change condition on lease renewal
            leaseholder64
            Are you renewing because the lease is about to expire, or are you doing so in order to extend one that has at least 21 years to run.

            In the latter case, you extend by exactly 90 years, and change the rent to one peppercorn per year (which will not, in practice, be demanded), without other...
            19-08-2017, 13:18 PM
          • Subsidence cover
            Lorimer
            I have trawled the internet etc. and made some phone calls but as soon as I mention the fact that the boundary wall in our front garden has developed cracks, we are refused cover.

            We have done some investigating and suspect that the cause of the cracks on the boundary wall is a large tree...
            08-08-2017, 06:49 AM
          • Reply to Subsidence cover
            Lorimer
            Agreed. I found that out when shopping around before renewal with the existing insurer. Good job I did not tell the existing insurer where to go in a fit of pique....
            08-08-2017, 17:55 PM
          • Insurance shot up due to water leaks from upstairs.
            Flashback1966
            I have an irresponsible landlord upstairs. Twice, the ceiling has fallen due to a water leak.

            The council are useless and gave no help.

            My insurance has gone up, as I have had two claims during recent years.

            Is there anything I can do about this? Can the upstairs...
            08-08-2017, 15:53 PM
          • Reply to Insurance shot up due to water leaks from upstairs.
            JK0
            What did you expect if you claimed on insurance rather than sued the guy?
            08-08-2017, 16:23 PM
          • Reply to Subsidence cover
            Flashback1966
            I don't understand why you did n't make a claim under the current insurance?

            I had a similar situation with a front garden wall, was leaning. The insurance company sent a surveyor at no cost to me.

            Whilst the house had strong foundation and was n't impacted by subsidence....
            08-08-2017, 15:48 PM
          • Reply to Subsidence cover
            JK0
            I believe you are over thinking this. You definitely want your existing policy to continue, as this will likely be the only firm who will insure for subsidence at a reasonable cost in the future. Also, I would not like to try to claim on your old policy if you have stopped it in favour of someone e...
            08-08-2017, 10:09 AM
          • Reply to Subsidence cover
            Lorimer
            We shopped around a bit when our existing insurer gave us the renewal quote and terms. We could not (at that time) find any other insurer that would offer us an all-inclusive policy. They either declined to insure us or offered to insure us on FLEA terms so we grudgingly renewed on FLEA terms with our...
            08-08-2017, 09:57 AM
          Working...
          X