Tag Archives: Landlords insurance

43% of tenants have pets – so where’s the protection for landlords? Insurance, Landlords Insurance, Latest Articles

Pet Damage Insurance

Just suppose that taking tenants with pets was an insurable risk!

Would pet owners pay for the policy?

I met with our insurance partners yesterday and discussed the dilemma’s that many landlords have over whether to accept tenants with pets or not.

We reckon that if demand is high enough we persuade a major insurer to create a policy which would pay for  damage caused by tenants pets directly to landlords.

A worthwhile policy probably wouldn’t be cheap, our best guess at this stage is around £180 a year , but if tenants were given the choice to pay for it (annually up-front of course) before taking on the tenancy ………. ???

By advertising that you are a pet friendly landlord the statistics suggest you could almost double the number of enquiries from renters next time you advertise your property. If your prospective tenants refuse to buy a policy then your decision on whether to rent to them would be much easier to make and to justify!

I am inviting landlords and tenants to post comments below this article and also to re-tweet my Tweets which can be found below the expression of interest form.

At this stage we are merely attempting to establish demand for such an insurance policy.  If you are a landlord and this is something you would be open minded enough to support “in principle” please complete the form below which doesn’t commit you to anything. To make it worth your while, we will arrange for our current insurance partners to call you to explain how we can GUARANTEE to reduce your landlords insurance premiums, but not until you are close to your next renewal date for obvious reasons.

Expression of Interest Form- Tenants Pet Damage Insurance

  • Please select from the list above (click on the arrow to the right of the box)

 


Landlords Insurance and pest infestations Latest Articles

Please can anyone tell me if landlords insurance policies cover pest infestations? Including any damage caused by the pests.

We have a problem with rats, the tenant is responsible because of the rubbish they let build up in the garden, and also the pet rabbits they are now keeping in the attached garage. Will our insurers cover the damage caused by the rats chewing.

What would a landlord need to do, they did not know the tenant had rabbits in the garage.

Many thanks

Carollandlords insurance


New years resolution to save money on your Landlords Insurance Insurance, Latest Articles

We can now GUARANTEE to beat any like for like landlords insurance renewal quote!

January is a massive renewal date for many Landlords insurance policies. Do you know when your Landlords Insurance is due for renewal?

T.E.A.M = Together Everybody Achieves More and that’s certainly the case for our Landlords Buying Group as we have used the bulk purchasing power of our group to negotiate the an unbeatable landlords insurance deal. It’s free to join our group too.

How our Landlords Buying Group Came about

Several years ago we were approached by an insurance broker who told us we could save a lot of money by combining our landlords insurance policies into a block policy.

This was the beginning of our landlords buying group.

At that time we were in the business of arranging mortgages so we told our landlord clients how much money we we saving. They combined their landlords insurance policies with our block policy and so the scheme started to grow.

The bigger our landlords buying group became the more negotiating power we gained.

As time went by the word spread and before long hundreds of landlords had joined the group. We have switched insurance providers a few times when we have found better deals and we continue to shop around. To fund the administration we take a very small commission from the scheme provider. Some landlords have reported saving as much as 50% on their renewal premiums at the point of switching from their insurance provider to the current provider to our landlords buying group.

By the time your insurance renewal falls due you may well have forgotten about this article. Therefore, if you put your contact details into the form below we will make sure you are contacted by our landlords insurance scheme administrator a week or so before your next policy is due for renewal. If you don’t give it a try you will never know how much you might be able to save so you might as well complete the form now, it should take less time than it took you to read this article 🙂Like for like price guaranteeLike for like price guarantee

Landlords Buying Group Insurance Renewal

Landlords Insurance


Get the Right Landlord Property Insurance Guest Columns

Buildings insurance for a property is generally the responsibility of the owner or landlord. Tenants must still take out contents insurance to cover their possessions if they want to be protected against theft or fire damage, though for example. This is even more relevant in a House in Multiple Occupation letting to students or professionals.

If you are a landlord renting out a furnished property including HMO’s you will be well advised to take out contents insurance to cover your own belongings, personally, I usually take out £10,000 for the contents of a furnished HMO. I will also consider taking out some contents insurance for self contained units in not so desirable areas where there is a higher risk of malicious damage by the tenant or a break in. Continue reading Get the Right Landlord Property Insurance


Possession Increasingly Obtained Without Money Orders Buy to Let News, Latest Articles, Lettings & Management

Landlords across the country appear to be changing tack as the amount of successful possession orders appears to be on the rise.

Let Insurance Services have found the amount of possession orders without a money judgement is up a third on 2010 as landlords appear to be cutting their losses. Continue reading Possession Increasingly Obtained Without Money Orders


Water Damage the Biggest Costs to Landlords Cautionary Tales, HMO's & Student Lets, Landlords Insurance, Latest Articles, Lettings & Management

Leaky pipes and sinks cost the UK’s landlords £2million a day and over 9 billion litres of water a year, and accounts for a quarter of all insurance claims on flats, according to property insurance specialist Cadogan Keelan Westall.
Continue reading Water Damage the Biggest Costs to Landlords


Insurers Will Pay Out Landlords after Riots Cautionary Tales, Latest Articles

"Insurers are expected to pay for the damage"

Insurers have reassured landlords with rental properties in riot-hit cities that their homes and businesses are protected.

Shocking images of burning buildings, cars and buses have lit up the news reports as gangs of rioters smash their way into shops and homes.

Key targets for the rampaging thugs are pubs, off licences and electrical goods stores.

Many owners and tenants have fled their homes in fear of masked, knife-wielding gangs, while others have watched as their homes and belongings burn to the ground leaving them with nothing but the clothes they stand in.

London has seen the worst arson, riots and looting in Tottenham, Walthamstow, Brixton, Hackney, Peckham, Ealing, Croydon and Clapham Junction. The violence has also spread to Birmingham, Liverpool, Nottingham and Bristol.

“We have every sympathy for residents and business owners who have suffered damage to their properties. This is a time of enormous stress for them and their insurers will be on hand to answer any questions that they may have. We urge people to contact their insurer as soon as possible to check what they are covered for and arrange for immediate help,” said Nick Starling, of the Association of British Insurers.

Many insurance firms have 24-hour claims lines, and the ABI confirms most home insurance policies should cover riot victims for losses due to fire, looting or vandalism.

Anyone who has lost or fled their home should have cover for alternative accommodation.

“Most commercial insurance policies will cover businesses for damage to their premises, including the interruption to their business as a result.” said Starling.

“Some policies will also cover those businesses which are not damaged, but whose trade is affected by the aftermath. Insurers are working as quickly as they can to deal with claims.

“However, access to dangerous buildings which are also crime scenes is a serious issue. It is too early for us to have an accurate picture of total costs, especially business interruption costs, but insurers are expecting significant losses of at least tens of millions.”


Landlords Insurance Tips – reduce costs, minimise risk Landlords Insurance, Latest Articles

By Neil Patterson, Partner of The Money Centre.

Remember; insurance companies have to make money too, but as a landlord if you understand how they price schemes and view risk you can maximise savings on your portfolio.

Continue reading Landlords Insurance Tips – reduce costs, minimise risk


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