Goldcrest Insurance have been insuring property portfolios for almost 4 decades now and our portfolio of landlords is becoming ever more impressive. This is great news for our clients as this means cheap landlords insurance!!!! It works like this …. The more landlords and properties we have on our books, the more premium we place with insurers which in turn means more haggling power.
As an established broker we want the mature landlords but we also want to take the new landlords who have just got into the game and help advise the best way to build a tidy portfolio for themselves .
Whether it be commercial landlords insurance or residential landlords insurance makes no difference. Commercial and residential properties unlike a lot of other brokers we can combine this product and keep it all 0n one policy.
- Buildings Cover : including damage caused by fire, flood, storm or accidental damage
- Loss of Rent if there is damage to the property (up to 20% of the buildings sum insured)
- Alternative accommodation if there is damage to the property and it becomes uninhabitable (up to 20% of the buildings sum insured)
- Property owners public Liability up to £2m for compensation and legal expenses due to third party personal injury claims which occur on your property
- Legal expense up to £100,000 for any one claim
- 24 Hour legal advice relating to any property disputes
- Landlords Contents either in communal areas of the property, as well as inside either the individual rooms if it is an
HMO insurance policy or entire house if rented as an entire occupancy. - Employers Liability to include your legal liability for claims from employees suffering an injury during the course of their employment with you. This relates to employees such as gardeners / cleaners/ window cleaners etc.
- Terrorism cover for the building insurance. There has been an increase from landlords wanting to cover this risk … purely because of the increased threat over the last 10 years. If you do not have this cover in place and there is an act of terrorism which damages your property .. many insurers will have this written in as an exclusion.
- Subsidence cover for the building is crucial especially if you live in a high risk subsidence areas. If you have a subsidence claim and the insurers have not noted this cover in your policy then they will not pay.
So as you can see there are many areas that are needed to be covered when purchasing landlords insurance. At Goldcrest we make sure we ask all the relevant questions for your buy to let insurance policy so you are not exposed to any risks without being made fully aware what potential claims there could be.
