Landlord Insurance

Principle features of the Landlord Insurance Scheme for the clients (New Clients are Welcome) of Landlord Mortgages to September 30th 2008.

Get your Landlord Insurance Quote

Subsidence is one of the biggest threats to your property make sure you are properly covered.

Loss of Rent in the event of a claim is not always covered as standard. Why risk your source of income if you are unfortunate enough to suffer a major incident in your property.

Public Liability Cover. The amounts covered differ and you need to ensure that you have sufficient cover in the event of a claim against you.

Employers Liability Cover. You may not feel that this is relevant if you do not 'employ' staff but can you afford not to have this cover for ANY workman working in your property that may claim against you.

Get your Landlord Insurance calculator

Landlord Insurance Companies

Landlord Mortgages Ltd are authorised and regulated by the Financial Services Authority.

Residential Property Protection

‘All risks’ of material loss or damage in respect of building and/or contents.

The facility to include occupation by students and Housing Benefit tenants at no extra charge. (Asylum seeker and DSS or Local Authority referrals must be dealt with separately).

Cover for costs of rehousing a tenant, up to 10% of the building sum insured, following insured damage to the property.

Loss of rent cover for up to 12 months to a maximum of 20% of the buildings sum insured, again following insured damage to the property.

Property Owners’ Liability cover up to £5,000,000 indemnity any one incident. N.B. In respect of terrorism the limit of indemnity will be restricted to £2,000,000.

Employers’ Liability cover up to £10,000,000 indemnity any one incident for cleaners, gardeners, caretakers, and persons doing minor maintenance and repairs. NB. In respect of terrorism the limit of indemnity will be restricted to £5,000,000.

Up to 90 days’ cover between lets for unoccupied properties subject to certain precautions, i.e. weekly visits; disconnection of mains services (including drainage of water systems from October to March inclusive) unless left on for heating or security purposes; doors locked and windows and other openings securely closed.

Your Duty to Give Information

You must disclose all material facts that may influence an underwriters’ acceptance of your insurance cover. Failure to do so may prejudice any claim.

This is only a summary of the main cover points. For full details ask for sight of the policy document, or ring for information.

Principal Policy Exclusions

The first £250 of each and every claim for loss or damage (increased to £1000 for subsidence or malicious damage by the tenant).

The policy wording incorporates provisions which exclude material loss or damage caused by Acts of Terrorism. Full details of the policy wording are available on request. Additional terrorism insurance cover is available for a premium charge. Contact Landlord Mortgages for details on 0118 377 4692.

Unoccupied properties will not be covered for more than 60 days from being first insured or for more than 90 days between lets (without specific agreement).

General maintenance, wear and tear.

For full details ask for cover exclusions ask for sight of the policy document, or ring for information.

Email administration@landlordinsurance.co.uk

Call 0800 917 3324 option 3 Insurance

Costs

A very competitive rate of £1.83 per £1,000 of cover for residential buildings (increased to £2.30 in certain postcode areas).

Individual quotes given for commercial and part commercial properties.

Contents of rented property can be covered at a rate of £6.00 per £1,000 but with theft cover following forcible entry only. No minimum sum insured if buildings cover taken through Landlord Mortgages. If buildings cover is not taken, a minimum sum insured of £10,000 applies.

Buildings cover for residential properties can also be provided at the above rate. Please note contents cover cannot be provided for residential properties.

A minimum sum insured of £50,000 applies for all buildings policies.

No increase in premium for non-standard construction (except thatch or timber-built).

Discounts

If you choose an excess of £500 a discount of £0.10 per £1,000 applies.

If you choose an excess of £1,000 a discount of £0.20 per £1,000 applies.

If your total sum insured exceeds £1 Million an overall discount will apply.

A further discount will also apply if your portfolio value figure exceeds £3 Million. If, at any time, your sum insured reduces below £1 Million or £3 Million respectively, the discount will no longer apply.

Please note: All premium rates include Insurance Premium Tax (IPT) (which is not recoverable). The current rate is 5.0%.

General

Any sign of cracking which may suggest subsidence damage should be declared prior to cover to prevent any misunderstanding as to when such damage may have originated.

All sums insured are index linked to keep pace with inflation - but it is your duty to ensure that you cover the property for the full rebuild value otherwise under insurance deductions will apply in the event of a claim.

The interest of any Bank, Building Society or other lender can be noted and any special requirements can usually be met (e.g. completing forms, etc).

There are options to include Legal Expenses. Rent Guarantee or Home Emergency Cover. Please enquire for futher details.

Full details of the services that we offer and conditions under which we trade are contained within the Combined Initial Disclosure Document which will be forwarded to you with your policy documentation or a written quotation.

It is recommended that oil filled radiators and electric fan or convector heaters are the only forms of portable heating used.

Where a communal kitchen is available, it is not recommended to allow cooking in individual’s room without a Fire Officer’s written approval.

Period of cover

The period of cover will run to a renewal date of 1st October 2007 for all clients and will be renewable on an annual basis thereafter.

Landlord Buildings Insurance Landlord Contents Insurance Landlord Buy To Let Insurance Landlords Insurance Landlord Rental Insurance Landlord Insurance