So your property is divided into bedsits and mainstream providers turning you away or quoting you ridiculous prices?
You may think on the back of this experience you are destined to pay over the odds for your buildings insurance – however you couldn’t be more wrong.
At Goldcrest we specialise in arranging insurance for properties that are let on a multi-tenancy arrangement, such as bedsits and HMO properties. So much so, that we even have exclusive market rates with one of the leading insurers in the country.
In terms of insured perils, you can expect the same comprehensive coverage you would receive with standard let properties; there is no dilution in coverage just because your property falls outside the norm.
So when insuring your bedsits with Goldcrest, you can expect to receive recognizable cover such as:
- Landlord’s Buildings and Contents – Standard Perils such as Fire, Lightening, Earthquake, Aircraft, Accidental damage malicious damage etc.
- Loss of Rent/Alternative Accommodation
- Trace and Access
- Subsidence
- Additional coverage available such as Legal Expenses, “Home” Emergency
The only stumbling block we have when insuring Bedsits is when tenants are allowed to cook on portable equipment opposed to having a designated kitchen area. If your bedsits have “kitchenettes” in each room it makes insuring your property a lot more favourable to our insurers.
So if you require a quotation for your bedsit property, contact our property team today who will be able to find the insurance that is right for your needs and your properties.
