What happens to my landlord insurance?

What happens to my landlord insurance?

0:02 AM, 25th January 2023, About 2 days ago 3

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Hello all, I have a question regarding the setting up of a limited company and transferring the only rental I have into it.

What happens to the current landlord insurance I have got in place?

I am the sole director of the company. I guess I can consider myself still a landlord since the property and the company are owned and run by me.

Does the landlord insurance have to be changed to be in the name of my company or can it continue to be in my name as the landlord?

Thank you,


Graham Bowcock

11:40 AM, 25th January 2023, About A day ago

You are not the same as your limited company, so you need to ensure that insurance is in the company’s name.

Paul Cartwright

17:43 PM, 25th January 2023, About A day ago

My personal view is, If the property is unencumbered and dependant on whether the Limited Company has paid you in full for the property or whether monies are still owed to you, is that you should keep the insurance in your name and add the Company as an interested party, until the Company has paid you in full.

If the property is mortgaged then the insurance should be in whoever has the mortgage.

Graham Bowcock

10:48 AM, 26th January 2023, About 11 hours ago

Reply to the comment left by Paul Cartwright at 25/01/2023 - 17:43
What is important is that the person/body with the insurable interest implements the insurance. As a director I cannot see how you have an insurable interest; to insure in a personal name is risky - I do know of a case where insurance did not pay out as property ownership had been transferred, but not the insurance.

Some lenders want to be noted on policies, but they are not the insured.

For the small cost of making sure insurance is valid, the OP should speak to their broker, bit match the policy name to the ownership.

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