Signature Financial Services Limited

Landlords’ Insurance

Although not duty-bound to have it, Landlords’ Insurance is undoubtedly a wise choice for anyone in the letting sector. After all, some situations are entirely out of your hands. With that in mind, building insurance is integrated into the plan, covering any damage from natural causes to the property structure including the cost of potential rebuilding. For part-furnished properties, policies with contents insurance are available, covering the damage or theft of specific items, not to mention the inevitable accidental damage caused by tenants. In the event of an emergency, such as a gas leak or burglary, certain Landlords’ Insurance policies supply qualified tradesmen call-out services 24/7 to rectify the situation.

In case of disputes with tenants, get out of a tight spot with this insurance’s contingency plans. For instance, some policies give the option of including liability insurance, this being imperative for social or student housing landlords. What’s more, if an occupant lodges a court case against you, the expense can now be readily covered. Should you suffer loss of rent, whether it’s because the property is no longer habitable or any other legitimate reason listed in the policy terms, then the Landlords’ Insurance keeps your income unaffected. Of course, where your property’s monthly mortgage payments are concerned, this feature of the agreement can prove crucial. If you have any questions, please don’t hesitate to contact our specialist team. Simply call us on 01782 617600 so our financial advisors can find your bespoke solution.