What is Landlord Insurance For?

It’s compulsory in many places for landlords to hold landlord insurance (also sometimes referred to as buy-to-let insurance), which is a specific type of cover for those who are renting out their property. It’s something that can prove to be very important indeed, with many people spending a good deal of time researching it to make sure that they have a helping hand should the worst happen. Here’s what it’s all about: Buildings Cover The main thing that this type of insurance covers, is the building and structure itself. There are many potential hazards that could leave a landlord very much out of pocket, ranging from fire risks, to subsidence to extremely rare occurrences such as terrorism. These are all things that can be insured against with one of these policies. Fire in particular is something that all homeowners must be aware of as it can be prevented, but then...
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Stark warning from Total Landlord Insurance as landlord faces £1million Public Liability case

An ongoing Public Liability claim received by Total Landlord Insurance, which could reach in excess of £1million, presents a stark reminder to landlords of the need for adequate insurance cover. In the last two years, public liability claims received by Total Landlord Insurance have reached an estimated £1.7million. These claims are the slips, trips and falls by tenants that have taken place at a property where the landlord is found responsible and although often unavoidable, without insurance protection such incidents can prove extremely costly for landlords. In an ongoing case being handled by Total Landlord Insurance, the guest of a tenant, fell from a set of stairs and claimed that the stairs were not ‘fit for purpose’.  Because the claimant is of a young age, if the landlord is found legally liable as a result of negligence, the cost of the claim is likely to escalate into several millions including...
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A guide to home insurance

    With the economy in turmoil, it’s wise to protect your belongings in any way you can. This might mean taking out home insurance with a well-known company – so let’s find out more.   What is home insurance? Home insurance – also known as hazard insurance or homeowner’s insurance (HOI) – is a type of property insurance. It covers private homes and can safeguard your investment from a wide range of problems and incidents including damage, theft and loss of contents. There are many different policies available, but at least one of the people named on the contract has to live at the property. What does building insurance cover? Buildings insurance can protect your abode from factors that are completely out of your control such as fires, floods, burst pipes or third-party vandalism. It will put your mind at ease if an emergency occurs and will give you the financial support...
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UK Flooding

Our thoughts go out to everybody who has been affected by the flooding that’s going on in the UK at the moment. As a landlord it makes you think about whether you are adequately insured on all your properties. It also makes you think about the location of your portfolio and whether the properties are within possible flood areas. Make sure you read the survey report thoroughly when you receive it.
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Do Landlords in the UK trust their tenants?

Last month, we decided to commission a white paper for a landlord insurance company to look at the landlord-tenant relationship in various parts of the British Isles. We got 300 landlords from all around the UK and asked them some key questions to get a better idea of not just whether they trust their tenants and why. We lined up 4 main questions for them to answer:
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Landlord Insurance

Being a landlord can be a great way to make yourself a bit of extra cash in the short term and provide you with a little bit extra when you come to retire. Many go into the business of property with this dream but do not consider the costs that come with being a landlord. This is where landlords insurance comes in handy as it can cover you against all possibilities where you could come across financial problems. There are a wide variety of landlords insurance policies such as landlords buildings insurance out there, each ranging in price so it is important to pick out the right one for you and your situation. Landlords insurance will cover a wide range of situations under which your property may be damaged or you may find yourself out of pocket. Say your property was damaged by a fire or a flood, your tenants would...
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The best places in the UK to be a landlord

The decision to become a landlord involves many factors – but how many landlords consider exactly where the best areas are in order to have the best chance of succeeding?
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UK property prices still in retreat

UK property prices remain on a downward curve - news which is likely to get a mixed reception from landlords with buy to let insurance. Those looking to purchase more property to add to their portfolio may consider the latest statistics from Halifax to be an encouragement to get back into the market. Others might fear that falling house prices will give people currently renting the impetus to buy. The latest Halifax House Price Index revealed that house prices last month were 3.7% lower than in 2010 - as measured by the average for the three months to March against the same period a year earlier. Halifax said that this represented the biggest annual fall since October 2009 (-4.7%); Housing economist Martin Ellis said: "Weak confidence amongst households, partly due to uncertainty over the economic outlook, is constraining housing demand and resulting in some downward movement in prices." Looking from a...
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Top 20 place’s NOT to invest in Buy to Let

Investing in property can be quite a lucrative and profitable business. Finding the right house in the right location will be the most important aspect of entering into the buy to let market and once you have purchased the property, you can then get to work on the other aspects of becoming a landlord. Will you furnish the property or leave it unfurnished? What tenants are you interested in pursuing, a family, a young couple or is your property more suited to students? One thing that you do need to consider is both your tenants and your investments safety. It is estimated that in our lifetime, one in three of us will have our property broken into. This is a scary figure especially if you own three properties. Having a comprehensive landlord insurance policy will protect your investment and its contents if you have furnished it however you should encourage...
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Top Ten Tips For Renting your property in the UK

Purple Cow properties give top 10 tips for renting your property quickly in the UK.
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New University Year! Make sure your Landlord Insurance is up to scratch.

The new university year is upon us. In no time at all it will be Freshers week, where thousands of students hit the bars and clubs in your local area. From drinking games to pub crawls, anything goes during this week of alcohol fuelled madness. Will your landlord insurance cover you when they bring the party back to your home? Freshers week can be a worrying time for landlords, because they have probably been there themselves, and know exactly what goes on. Its three oclock in the morning and the students are making their way out of the clubs and the only place left to go is home. After a night of Buy One, Get Two Free and £1 a Shot drinks promotions, nobody wants the party to stop. Its their first time away from home and your tenant has made a lot of new friends, so when they invite ten...
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