June 27, 2017

Landlord – Have You Adequate Building Insurance?


The night is bitterly cold and windy and your tenants light a fire in their lounge fireplace. They have friends visiting and they all sit round the fire drinking hot chocolate, rubbing their hands together in an effort to keep extra warm, as the glowing fire is not sufficient to heat up the large area of the lounge. Eventually, the friends leave, and the tenants go up to bed in the double-story house, leaving embers still alight glowing downstairs in the fireplace.

One ember pops on to a nearby carpet, igniting it. By the time the tenants wake from a deep sleep and smell the burning flames, the entire downstairs living area is alight. The fire leaps around the house fast, the tenants manage to escape, but before the fire engines arrive, the house has burnt to the ground.

Now comes the crunch; you have not insured the property adequately enough to cover the cost of rebuilding. The tenants were alright, they had lost all their belongings and friends gave them temporary accommodation. They had insured their belongings adequately, so besides the inconvenience of it all, they were in a position to replace. Not so the devastated landlord! You didn’t have landlord buildings insurance.

What a good building insurance policy covers

• Combined Commercial and residential buildings
• Cover for houses, bungalows and flats
• Contents cover at ‘new for old’
• Property owner’s liability
• Loss of rent cover
• Up to 45 days cover for unoccupied premises
• Reasonable excess for claims

Buying landlord buildings insurance may not be a legal requirement, but it certainly is advisable. There are a great number of insurers for you to get quotes from, or else, have a policy tailored for your specific requirements. On the web, are details and offers of insurance companies, all waiting to do business and provide you with quotes. Overall, the policy covers automatically fire, lightning, flood, earthquake, subsidence, riot, water leakage, ground heave, landslip, and malicious damage.

For landlords to have the best cover that is out there for the properties that they let out is not negotiable, just absolutely necessary.

Landlordbuddy is happy to provide quotes for landlord buildings insurance.

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