Have you just purchased a property to rent out to students or do you have a let property which is rented to students and is due for renewal. If so we have the best insurance rates on the market for landlords who have student tenants.
Students let insurance can be very expensive with the majority of providers. At Goldcrest we have been providing this form of insurance for over 30 years and believe we have the best insurers and the best prices.
So where does the risk lie that exposes landlords and makes this all so expensive. Students in rented accommodation at university .. leaving home for the first time .. ready to let loose etc etc. Gas being left on .. cigarette butts being dropped are just some of the major risks that come with students lets.
Student let building insurance for these sort of reasons are exactly why the insurers tend to either not quote or apply extremely high premiums. In general there is a lot higher claim risk than when landlords let to professional tenants.
With the landlord student let insurance we also offer buildings insurance, contents insurance , loss of rent, rental guarantee , accidental damage, employers liability insurance, public liability insurance and legal cover.
We give you the option of using A rated insurers or not, as some landlords prefer to be covered by a rated insurer. With certain insurers the claims handling is outstanding ..some settling claims within 48 hours.
A few years ago we had an instant where a student let was burnt down due to a cigarette butt. The fire resulted in the students having to be relocated for 6 months whilst the works were done to get the accommodation back up to spec. This is probably worst case scenario, but the insurers used were nothing short of fantastic and the landlord was delighted. The same cant be said for many insurers out there who just farm claims out. So when choosing who insurers your biggest asset, we encourage you to do a bit more research and not just groping for the cheapest as things do happen and you need to be covered for any possible worst case scenario.
So when obtaining insurance for student let buildings insurance or for student accommodation. Make sure you do your homework and speak to the right people – Goldcrest insurance. We have been insuring in this field for years.
