Insurance

Over the last 10 years we have seen a huge increase in the demand for our landlords insurance products. In the mid to late nineties people became increasing disenchanted with pensions and looked at buy to let property as an alternative. Since 1998 we have gone from having only one landlord insurance policy to have in what we believe to be the largest panel of landlords insurance companies in the UK. The insurers that we deal with our household names such as AXA, Royal Sun Alliance & Zurich.

Many landlords surveys have shown that the majority of landlords have had tenants who have left without paying rent and more importantly may have vandalised the property. A specialist landlords insurance policy will certainly cover malicious damage by tenant and you are also to obtain legal or rent guarantee insurance to recover unpaid rent or policy excesses. Landlord buildings insurance is essential for your business.

These same surveys have also pointed out that as many as 30% of landlords have admitted to using their home insurance rather than a specialist buy to let policy. Our thoughts on this is that it that it can be very detrimental to you to not disclose that the property is let. Non disclosure is regarded as very serious by insurers and can result in cancelled policies, unpaid claims and also problems obtaining further insurance.