Landlord Buildings Insurance
Buildings Insurance
As a landlord your main priority is to protect your investment. Landlord buildings insurance will cover your property against all insurable risks to the full replacement cost, including the cost of clearing the site after a total loss and all professional fees.
Remember, the replacement cost is not necessarily the same at the market value of the property or the price you paid for it. If you under insure your landlord buildings insurance you could fall victim to the insurers averaging policy i.e. you may not get the full amount of any claim.
To get an accurate insurance valuation go to the Association of British Insurers (ABI) website and their landlord buildings insurance calculator for homeowners. Our landlord buildings insurance policies cover your rental property against most risks such as flood and fire, repair and rebuilding. Risks such as terrorism or subsidence can be or are included in all our policies to give you complete cover.
Contents Insurance
As well as landlords buildings insurance, insuring the contents of your rental property is makes financial sense. The landlord contents insurance will provide cover on such items as carpets, sofas, tables, chairs etc. Many of our insurers can also provide insurance for communal areas if you own a block of flats situated in blocks of flats or properties of more than one tenant. Some insurers automatically include a level of cover your contents within the buildings premium.
Our insurance team will advise you accordingly.
Landlord Liability
As a landlord you are responsible for the safety of the property and your tenants in it. This means that should a tenant harm themselves due to something dangerous in the property, they could make a claim for damages against you. It is strongly recommended that you cover yourself in this way. Most of our policies include landlord liability as standard. It is vitally important that you maintain your property to a good standard as this could potentially affect any claim you make.
With Towergate we have exclusive rates from 13p per £1,000 for landlord buildings insurance
The benefits of our cover include:
- Specialist property portfolio policies available
- Cover for all tenant and property types
- Immediate cover available
- Rates from £6 per £1,000 for contents insurance*
- Not limited to one pricing structure
* Minimum premiums for contents only. If you require assistance in this matter please contact our insurance team.
We also offer:
- Policies with no postcode rate bias
- Unoccupied and single flat policies
- HMOs, DSSS, Asylum Seekers also available
To find out more about landlord buildings insurance, Buy to Let insurance and other products please select the appropriate link from the left hand menu or contact Insurance for Landlords on 0844 892 1300 or make an enquiry online.
Why not take a look at our buy to let fix rate mortgages or our best buy to let mortgage rates table. You can also find out all you need to know about our commercial mortgages and property development finance offerings.
