As well as providing market leading rates and the most comprehensive cover available to our customers, we also have access to no frills policies, for those landlords who are more economy minded or price conscious. Alternatively you may have owned your property for several years, there have been no problems in the past; you manage the property yourself, and you are simply looking for basic straight forward protection – we have the product for you.
The economy cover we have available is not only for standard lets, it is also available for HMO properties, blocks of flats, as well as Holiday & Second homes.
To understand the difference of standard coverage to the economy product available, you can expect the economy product to exclude:
- Accidental Damage cover to buildings
- Accidental Damage to sanity ware
- Accidental Damage to underground services
- Loss of Metered Water
- Subsidence, Landslide and Heave
- Loss of Rent
- Trace and Access
(Property Owners Liability is covered up to £1,000,000 oppose to a standard £2,000,000)
The key features & benefits from an economy policy:
- Up to 25% No Claims Discount (calculated on the years of ownership of the property without claim)
- Escape of Water Excess at £500
- Unlimited number of flats
Optional Extensions available:
- Landlord’s Contents
- Legal Expenses up to £25,000
- Rent Guarantee cover up to £30,000
- Emergency Assistance up to £500
- Terrorism cover
- Liability Cover available for accidents to domestic staff
The Economy Product will cover properties let to:
- Working Professionals
- Retired
- Students
- Asylum Seekers
- Unoccupied Properties
- DSS Tenants
And to top it off premiums start as little as £95.00! So if you’re looking for a cheaper alternative to insure your property, contact our property team today.
