Stand alone liability insurance

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    Stand alone liability insurance

    Hi

    I am about to let my property. I do not want to move my buildings insurance from my current provider (they have insured me for the last 3.5 years while I was living in the property). However they do not provide "property owner" liability as opposed to occupier's liability (i.e. my liability to my tenant/their guests as owner and not as occupier). I am struggling to find an insurer who offers stand alone liability cover (i.e. without the buildings cover as well). However those who let out leased properties must manage to find standalone cover as they will not be getting buildings cover as well. Can anyone help at all?

    Thanks

    #2
    In my numerous years selling landlords insurance policies, I have never known an insurer to offer a landlord buildings policy without property owners liability included or at least the option to add such cover (although this is rare nowadays). Furthermore, none of them have ever included occupiers liability because the policy isn't for owner occupied properties. On the assumption you have told your current provider of the forthcoming change of circumstances, I am baffled as to how landlords buildings insurance is being offered but on a policy that doesn't included a "standard" peril.

    I'll assume they have a "special" scheme or have somehow had it agreed with your existing home insurance provider that you are now letting the property (which is dangerous due to these "gaps" in cover). A stand alone property owners liability policy is possible. We used to provide it on the liability side of our business but this was for extreme circumstances. If you are set on going down this route you should try some specialist liability (not landlord) providers however this isn't logical in my personal opinion. Whilst I commend your loyalty to your current provider, you will be paying two premiums (one of them with an alternative provider anyway) for what you can EASILY get under one landlords building insurance policy.

    Best option is to change your current owner occupied home insurance to cover your new residence (assuming you have simply moved to a new UK address) and then take out a new landlords buildings policy for the property you are moving out of. If your current provider can't give you a landlord policy with the correct cover then you should look at a new provider for this property but at least they can continue cover at your new address.
    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

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