Calling all landlords looking to save some pennies on their landlords insurance, we have the policy just for you!
Are you looking for a cheap alternative to the standard policies? A basic alternative insurance to speed up the exchange/completion or perhaps a policy that just covers the basics, as should any problems arrive you may not be well equipped to resolve the problem internally.
Whether this or anything else, we have the insurance policy for you branded the Economy Let insurance policy:
Details below:
Economy Cover a Lloyd’s cover but up to 20% cheaper than standard market rates EXCLUDING the following covers:
- Accidental Damage cover to buildings
- Accidental Damage to sanitary ware
- Accidental Damage to underground services
- Loss of Metered Water
- Subsidence
- Loss of Rent
- POL £1,000,000 (reduced from £2,000,000)
- Trace & Access
Features & Benefits:
- Up to 25% No Claims Discount
- Escape of Water Excess £500
- Unlimited number of flats
Optional Extensions:
- Landlord’s Contents cover
- Wider perils available for unoccupied properties
- Liability cover available for accidents to domestic staff
- Legal Expenses up to £25,000
- Rent Guarantee cover up to £30,000
- Emergency Assistance up to £500
- Terrorism (Excluding Northern Ireland)
- Add additional properties to the policy to build up a portfolio, oppose to taking out various individual policies covering individual properties – making it easier to manage renewal dates and annual costs
Tenant Types:
Professionals, retired, students, asylum seekers*, holiday homes &/or second homes, unoccupied properties*, DSS tenants who currently receive unemployment benefit, housing benefit, housing or disability benefit and DSS Referrals.
Minimum Premium £95.00
Maximum Sum Insured £3,000,000 per location
