Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
RESEARCH from our landlord emergency insurers suggests that 4% of all emergency claims are due to an inoperable toilet at the rental property.
With an average claim cost of £204.82 across the board, it is no surprise that so many landlords are learning that emergency cover is essential to protect your property, finances and cash flow. You don’t want your hard earned cash being flushed down the toilet…
Pest infestations such as wasps account for 3% of claims whilst electricity failure is right there with the toilet on 4%.
Lost keys and an insecure property along with domestic water failure account for 7% of landlord claims each.
Then it’s a big step up to breakdown of the central heating system accounting for 32% of all claims. Whether a boiler stops or the tank fails, these are expensive fixes and likely to be well above the average £204.82 cost of claim.
But the highest amount of claims at 35% goes to burst pipes or sudden leakage in the home. Again, another claim that is likely to be well in excess of the average.
These are all problems that have occurred with real landlords and who needed to call on their Landlord Emergency Insurance to save them money and get them fixed quickly. Our insurers also allow the tenants to make claims directly, so the landlord often doesn’t need to be brought into a panic/problem loop.
With cost of Landlord Emergency Insurance ranging from £47.99-£69.99 per year, the amount of money it can save you is clear if you have a problem. If you have more than one claim, it will save you again and again for the duration of the insurance.
Policy coverage and options range from £250 per claim up to £750 per claim depending on your needs on a Silver, Gold or Platinum offer and if you have more than 3 properties you could be entitled to a discount. For full details simply complete the contact form below. t.
All the best
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