Life Insurance and Critical Illness Cover

shetal

Member

Join Date: Apr 2006

Posts: 45
#1

Life Insurance and Critical Illness Cover

26-03-2007, 21:06 PM

Hi

Do you need life insurance and/or critical illness cover for rental properties?
Is there any way of doing one cover for a whole portfolio instead of
a policy on each property?
What are the advantages/disadvantages?
I have these both for my main residential property but find the cost
is adding up for my rental properties.
Please give me your views experts,
Shetal
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jeffrey

Senior Member

Join Date: Sep 2006

Posts: 39295
#2

26-03-2007, 21:17 PM

Certainly a block policy (cover increasable as borrowing increases) sounds cost-effective. Assurance cover is desirable to protect family/dependents in case of a main earner's illness or death, but that is scarcely a real problem for investment properties which the patient's/deceased's family could simply sell without impact on the family home.

JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
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by jp13abk

Thanks for your quick responses.

RentoRento it is a demised property. As you correctly mention, there are areas that fall under the responsibility of the lessee (I'll attach the relevant lease section once I get hold of it).

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Hello everyone,

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Life Insurance and Critical Illness Cover

Life Insurance and Critical Illness Cover

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