Owning a rental property is great, but it comes with risks and extra management responsibilities. For these reasons, every property owner needs to have insurance cover.
Unknown to many property owners, the standard home and content policies may not provide you with the protection you require. Even for landlords with the best intentions, accidents such as fire or theft can sometimes happen. As a result, you end up financially drained and potentially bankrupt after a loss. Read More
Landlords insurance is necessary in today’s world, every property owner needs to protect their asset and income. That’s why landlords liability insurance is so important.
So landlords liability insurance is a type of insurance coverage that will protect you as the landlord from injury or damage claims that are related to your rental property. Read More
When it comes to finding tenants, you should be thinking about multiple factors. The first thing that you want to consider is the length of tenancy that a potential tenant is asking for. You should set a minimum term that you are willing to accept, whether this is six months, a year or more is up to you. Don’t accept a tenant who doesn’t want at least the minimum term as this isn’t going to benefit you. Read More
A lot of larger property projects require funding and borrowing money is fairly normal practise. Having contract works insurance in place will give lenders some comfort and can help you gain that all important funding that you need.
One of the most popular types of contract works insurance is a combined policy consisting of public and employer’s liability insurance. This includes contractors all risk insurance which covers the length of the project and the costs involved. This covers the people company owned plant and machinery and hired in plant also. Read More
Properties that are let out to multiple people can bring in a greater yield and so many landlords and property investors and developers have actively sought out properties that can be let out in this way.
The difference between an HMO property and a Multi-Let Property is that a HMO requires a license and comes with a specific set of rules. Read More
Acquiring a fleet insurance policy for your courier service vehicles can be beneficial in several ways.
Some of the benefits include:
In order to drive on the road, all cars need to be insured. It can be quite a difficult process when you don’t exactly know what you’re looking for. It’s a tedious transaction that needs quite a little care in order to make sure you’re not ending up on the wrong end of a financial mess.
This idea becomes infinitely more poignant when you take someone with a high net worth into account. Due to the finances of both the individual/group and the vehicle, there are lots of important aspects that must be correctly dealt with. Read More
Property developers need specialist insurance advice to ensure comprehensive coverage against unique risks such as subsidence, on-site accidents, and property damage during construction projects.
It’s easy to think that Property Developers Insurance is a luxury, but what happens when things go wrong and you find out that neither your sub-contractors nor yourself have the right level of protection? At best it could cost you additional budget, at worst it could jeopardise the whole project or even send you into bankruptcy.
This is why speaking to an Insurance broker that understands Property Development cover inside out is an investment worth making. Read More
If you have a property you can rent out you would probably want to gain a good return on investment. HMO (House in Multiple Occupation) properties is one thing you may which to consider if your property is located right by the city centre or near a university campus or teaching hospital.
When renting out each room of an HMO, your overall rental income will increase. But it’s not quite as easy as simply, letting out those rooms. You may need a license to operate and you will also need to maintain communal areas. However, it can still be a good option for landlords. Read More
If you own and run serviced accommodation, it could be important to have some form of coverage in place to protect you against the various risks faced. At Goldcrest Insurance, we are able to provide you with the specialist coverage that you need.
It’s possible that you may have other forms of property owner insurance in place. Serviced accommodation may not always be covered by these types of schemes, which is why specialist insurance could be worth investing in. Read More
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