If you own a home which is
let for residential purposes then you need to make sure you have
adequate cover in place. We can arrange cover for your buildings,
landlords contents, loss of rent, and property owners public liability cover. As insurance brokers we search a specially selected panel of UK
insurance companies to find you the best deal on the market. Why search
around when we can do all the searching for you.
To arrange a
property owners insurance quotation, just click on the link and
complete the simple quotation form right now.
More and more people are
becoming residential property owners in the UK by buying homes and renting or letting them
out to tenants, either outright or maybe on a 'Buy To Let' scheme. It
can be one of the biggest investments you will ever make and you must
make sure you have the correct and adequate insurance in place to cover
you in the event of the worse happening.
The Right Insurance
Policy - What To Insure?.
If you let your property out to tenants then a standard household
insurance policy will NOT give you the correct level of cover and if you
had to make a claim you will not be paid. You must make sure you
have a residential property owners insurance policy or landlords
insurance policy to cover you correctly. There are a number of
things you should look at covering under the policy, below are the main
You should insure the property for it's full rebuilding costs,
including domestic outbuildings, gates and walls. You should also
take in to account architects fees and debris removal.
Contents. You are not responsible for covering the tenants
contents but if you have your own contents in there you may wish to
insure them. These may be carpets, curtains, blinds, furniture etc.
All policies should include public liability and will normally be £
2 million worth of cover. This is vital to have and will cover
you in the event of for example a tenant getting injured whilst in
your property and you can be found liable.
Loss Of Rent.
If the property becomes inhabitable due to an insured peril, e.g. a
fire and the property cant be rented out for say 6 months, you will
lose out on the rental income you would have had. Loss of rent cover
will ensure you are paid the same amount had your property not had
that fire. Most policies will automatically cover you for up
to 20% of the buildings sums insured although with some insurers you
have to pay extra for this cover. Check.
Why Use Us?
Hodgson Insurance Services have been established since 1977 and have
over 35 years experience in the property owners insurance market.
All our staff are experienced and fully trained to deal with your
insurance enquiry and using a selected panel of the best UK insurance
companies including Aviva, Zurich, AXA, Ageas, Covea, NIG Insurance,
Royal Sun Alliance, Allianz amongst others we are ideally
placed to offer you the best policy on the market at the most
What Else Can Affect
My Property Owners Insurance Policy?
There are a number of things you need to look at when taking out a
landlords insurance policy. Below are some of the things which may
affect your policy.
Type Of Tenant.
The type of person(s) you rent your property to can seriously affect
the premium on your insurance policy. Insurance companies like
working persons or retired persons and this will give you the
cheapest rate. If you intend to let the property out to
students, DSS, housing association, asylum seekers or the local
authority then make sure the insurers are aware as although it will
result in a higher premium, if they aren't told and you have to make
a claim you wont be paid out.
No Claims Bonus.
Like on motor insurance if you have had the property insured for a
while without any claims then most insurers give a discount for
having no previous claims.
you are looking to buy a property then the area you buy in will
affect the premium. If your property is in the middle of a
city it is more than likely going to cost more to insure than a
property on the outskirts which has a lower crime rate. Before
you purchase a property make sure that the property you are buying
is not in a high risk area. Also properties right next to
rivers, watercourses and cliffs can affect the premium, especially
properties on flood plains.
The excess on the policy is the amount that you will be responsible
for in the event of a claim. Most policies have a standard
£100 excess although for certain areas these can increase to £ 500
and above. You can also get further discounts on your policy
by taking an extra voluntary excess, although increasing the excess
too much will not give you significant savings.
For a cheap
residential property owners insurance or Buy To Let insurance quotation simply complete the quotation form
by clicking on the link below. Alternatively, give our office a ring on 01288 353999
where a member of staff will discuss your insurance requirements.
Why Search Around When We Can
Search The Insurance Market For You