Property owners insurance
We can provide insurance cover for:
- Buy to let properties
- Property owners portfolios
- Residential & commercial property owners
- Residential let properties
- Commercial let properties
- Unoccupied residential properties
- Unoccupied commercial properties
- Land insurance
- Properties undergoing renovation
- Flats & apartment blocks
- Right to manage companies
- Industrial units
- Student accommodation
- Holiday or second homes
We can provide competitive cover on all things bricks and mortar from flats, houses and commercial properties and/or a mixture all types under one easy to manage policy. We can offer a wide range of cover extensions from legal expenses, rent guarantee, subsidence & terrorism alongside loss recovery services to provide a dedicated loss assessor to work on behalf of you in the event of a claim.
Our underwriters are here to assist you and discuss the different extensions you may need. If you don’t understand the industry jargon, just ask – that’s what we are here for.
For more information or to get a property owners insurance quote please contact us.
What is property owners insurance?
Unlike normal household insurance, property owners’ insurance is a specialist insurance policy designed for properties which are owned but not currently occupied by the owner but either let out to a tenant or unoccupied. Many property owners are unaware that a normal household insurance policy is not designed for let or unoccupied properties and as such those property owners could suffer financially in the event of a claim should their properties not be covered correctly through an appropriate property owner’s insurance policy.
It is highly recommended that landlords seek the right advice and get protection for their assets through a comprehensive property owners insurance policy to ensure the correct protection is in place.
Why choose us for your property insurance?
Our dedicated property owner’s insurance underwriters understand your business and are accustomed to dealing with individual properties and large portfolios owned by both residential and commercial landlords and property owners, helping you to get the right policy to cover your requirements.
We have access to a wide panel of insurance companies and can provide different options to allow you to compare quotations, ensuring competitive pricing as well as a variety of cover options available. Our expertise in this sector means we can negotiate competitive premiums with discounts for ‘low claims’ & well managed premises.
We can offer flexible payment and credit terms so you can ensure you have a payment plan that works for you and your business.
What does property owners insurance cover me for?
Getting the right comprehensive cover in place is imperative. Some of the most common features and benefits and extensions available within a property owners insurance policy include:
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Property owners liability insurance
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Buildings cover
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Property owners contents insurance
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Accidental damage to buildings and / or contents
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Glass cover
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Alternative accommodation
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Subsidence
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Property owners legal expenses
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Loss of rent
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Rent guarantee
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Dedicated loss assessors to work on your behalf
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Malicious damage by tenants
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Terrorism
Frequently asked questions about property owners insurance
Why do I require property owners liability?
As the owner of a property it is your responsibility to ensure that property is maintained and is not a hazard to any tenant or member of the public should they be in the property or in the vicinity of the property.
Property owners liability insurance provides protection should any claims for damages be brought against you as a result of any third party suffering an injury or third party damage linked with your property. Should any injury or any damage to third party property be caused as a result of your property or on your property and a claim is brought against you and upheld, your liability insurance will cover you against such costs as:
- Damages awarded to the claimant and their legal costs
- Your legal costs in defending a case
- Loss of and future loss of earnings
What is building insurance?
Protection for any damage to structure of your property. Your property should be insured for the full reinstatement value of the building including demolition, clearance of the site and any professional fees associated.
Further information on property owners insurance rebuilding costs can be found here (Association of British Insurers Residential Rebuilding Costs).
What is subsidence insurance?
Protection against the movement of the site upon which your property stands.
What is property owners legal expenses?
Property owners legal expenses can provide legal protection related to issues with your rental property.
This can include:
- Tax investigations
- Health & safety investigations
- Contractual disputes
- Criminal prosecutions relating to the letting of a property and repossession
What is accidental damage cover?
Accidental damage insurance is an extension of your building and/or contents insurance and covers for unexpected non-deliberate accidents that harms your property or its contents.
What is loss of rent cover?
Protection in the event of damage to your property which resulted in you being unable to rent your property out then you would still receive your rental income.
As a property owner the rent received from your properties may represent a significant part of your income.
It is not always easy to ensure the rental income generated from your property(s) remains consistent at the best of times never mind should you suffer a loss. You can help to protect your income with loss of rent cover through your property owners insurance policy.
What is terrorism cover?
Protection from loss associated with an act of terrorism.
What is employers liability insurance?
Employers liability insurance is a legally required policy that protects your business from financial losses if an employee is injured or becomes ill due to their work. We provide indemnity up to £10,000,000 should you employ any maintenance or administrative staff.
What is alternative accommodation insurance?
Alternative accommodation allowance to cover the cost of temporary accommodation as a result of a loss.
What is property owners contents insurance?
Should you rent your property inclusive of any landlords contents it is a good idea to consider a landlords contents insurance extension to your property owners insurance policy.
With this extension you can be assured of protection to your contents in the event of loss from an insured peril.
What cover is offered on unoccupied properties?
It is typical that property owners insurance policies have restrictions in cover and policy conditions in place should a property become unoccupied.
Such policy conditions normally come into effect once the property is considered unoccupied and can include daily or weekly property visits and maintaining visit records, sealing up of letter boxes, turning off water supplies and draining systems, turning off electricity and gas supplies.
The standard cover usually offered for unoccupied properties is restricted to F.L.E.A. (Fire, Lighting, Explosion and Aircraft), however it is possible to increase cover at an extra premium, subject to underwriters discretion.
Please check your policy conditions carefully to ensure that you comply with all policy conditions and the policy meets with your requirements.
How soon will I get my documents?
If you’re happy to accept your documents by email they can be sent across to you soon after they have been issued to us by insurers.
Hard copies can also be sent by post if required.