Frequently Asked Questions: Policy Cover
Recently Added Questions
Is a landlord insurance legally required?
There is no legal obligation for a landlord to take out landlord insurance, however, you might not get very far without it. You’ll usually need written permission from your lender before you take on tenants (unless you have a buy-to-let mortgage), and your lender is likely to require that you have landlord insurance before you do so.
Even though you’ve probably got a conventional home insurance policy, this won’t be enough to cover you if your property becomes a rental. In fact, a lot of home insurance policies will become void if the property is being used as a rental, meaning that you won’t be able to make a claim.
How much does landlord insurance cost per month?
In 2018, the average cost of landlord insurance was £217 a year, down from £230 last year. That being said, it’s difficult to predict the cost of landlord insurance because there are many different variables that will contribute towards the price of a premium.
Do you offer a legal expenses policy?
We do offer a separate legal expenses policy which you can take out at any time. You can have different types of cover, from access to legal professionals for any legal advice 24/7, right up to £50,000 legal costs to cover your costs to take your tenants to court if they are in breach of their contract or have stopped paying the rent. Although we can’t currently quote online for this we have a number of insurers that offer policies to meet your needs so click “get a call back” or call us on 01788 818670 for a quote.
What does the legal policy cover?
Landlords legal protection is an insurance policy to protect you as the landlord of your property, in case your tenants are in breach of their contract and you need to take them to court. The insurance policy will cover the legal costs incurred. More information on legal policy cover
Can I include rent guarantee as well as legal?
Some of our insurers offer an extension to their legal cover that will also pay your rent while it is not being paid by the tenant, this is up to a maximum of £1,500 per tenancy agreement.
What insurance would I need if I am a leaseholder?
Your lease agreement might dictate that you are responsible for insuring the buildings, in which case we can provide your with a landlord building insurance quote. Alternatively, you will at least want to insure your landlord contents, fixtures and fittings. Although we can’t currently quote online for this we have a number of insurers that offer policies to meet your needs so click “get a call back” or call us on 01788 818670 for a quote. More information on insurance options for a leaseholder
Are my personal belongings covered?
Unfortunately your own personal belongings won’t be covered on this policy and you will need to take out a household policy to cover your contents. More information on personal belongings cover
Can I buy Landlord Insurance buy live in the property myself?
Some insurers will allow you to have a landlord insurance policy if you’re living there initially, on the basis that you will move out and your tenant will move in within 8 weeks. If you are intending on staying in the property with tenants there too, you will need a household policy rather than a landlord insurance policy. More information on live in landlord insurance
Do you offer contents only policies?
We do offer landlords contents only policies over the telephone. Just click “Get A Callback” above or call us on 01788 818670. More information on contents only policies
What is free white goods cover?
If your policy includes free white goods cover then any freestanding washing machines, fridge-freezers, cookers, tumble dryers & dishwashers that you have left for your tenant to use, will be insured for all the standard perils that are listed under the buildings section of your policy. More information on free white goods cover