Insurance Info

There is a tide in the affairs of man which, taken at the flood…” once said a famous writer from Stratford-upon-Avon. Given Stratford’s capability for flooding – a problem which regularly hits British national headlines – it’s likely Shakespeare was more than familiar with the perils of flooding.

Of course, Stratford-upon-Avon isn’t the only place that’s prone to flooding; the problem is a nationwide one, in the UK at least.

Moreover, most experts agree that – over the next few years – due to global warming, unless defences are vastly improved flooding problems are likely to increase throughout the UK. Continue reading ‘Insuring Your Home is Protected From Flooding’ »

It is understood that owners of let property require a unique level of cover.

The following paragraphs highlight the features and benefits that you might well expect to find in a landlord insurance policy. In many cases these features are not covered in standard household insurance policies.

Multi property cover: The ability to cover multiple properties under one policy. 90 day cover: Full cover for up to 90 days if properties are furnished but unoccupied between lets or before the start of the first let.

Legal expense cover: To assist with the costs that might arise following disputes with tenants; to defend legal action that might be taken against a landlord by tenants; or to evict squatters.

Legal expenses cover can also include cover for costs involved in staying in alternative accommodation. Continue reading ‘Buying Landlord Insurance For Buy to Let Property’ »

If you own a block of flats, you probably have the insurance arranged already. What you may not have considered is that not all landlords’ insurance policies are the same. For example, the type of cover that is arranged for a private house may not adequately protect some interested parties such as leaseholders and their mortgage lenders.

Different insurance needs exist when looking at various forms of property; for example blocks of purpose-built flats are quite unlike houses that have been converted or, indeed, ordinary homes. The basics of cover may be similar, but the way insurance companies view the ‘risk’ will not be. This is because the property could be built differently, or occupied by more than one family, but the difference is far from academic; if your insurance is not the right sort, you could be landed with unpaid – or only partially met – claims.

Owners of blocks of flats should ensure that they have ultimate control of the insurance. Leaving it to the leaseholders or tenants could leave you with incomplete cover; but being in the driving seat also ensures that there is no debate over whether all parts of the building are covered. After all, if each flat were to be individually insured, questions could arise regarding whether the common parts are covered. Continue reading ‘Different Types Of Landlord Insurance’ »