Will You Be Able to Speak to Someone When You Need Help?
Most landlords do not think about service until they need it. At renewal, the focus is usually on the premium. Is the quote cheaper? Has the renewal increased? Can the existing broker match the price? Is the cover broadly similar? Those questions matter. But there is another question landlords should ask before renewing: Will I […]
Landlord Insurance Is Not a Commodity: Why Service Matters as Much as Price
Many landlords treat insurance as if it is a commodity. They look at the renewal premium, obtain another quote, compare the price and then decide whether to stay or move. That is understandable. Insurance is a cost, and landlords are under pressure from mortgage rates, tax, repairs, regulation, licensing and rising operating costs. But landlord […]
Why 5–15 Property Landlords Need More Than a Standard Insurance Renewal
Landlords with five to fifteen rental properties are in an important position. They are not usually institutional landlords. They may not have large in-house teams, dedicated risk managers or formal insurance departments. But they are also far beyond the point where landlord insurance should be treated as simple annual paperwork. A landlord with five, eight, […]
The Bigger Your Portfolio, the More Dangerous Insurance Assumptions Become
Assumptions are risky in landlord insurance. They are risky for a landlord with one property. They are even more dangerous for a landlord with five, ten, fifteen or more rental properties. The larger the portfolio, the more moving parts there are. More properties. More tenants. More rebuild values. More rent. More void periods. More claims […]
Why Portfolio Landlords Should Not Accept a One-Size-Fits-All Insurance Quote
Portfolio landlords often have more complicated insurance needs than landlords with a single rental property. That does not mean the process has to be difficult, but it does mean the insurance should be reviewed properly. If you own several properties, your insurance should reflect the real shape of your portfolio. It should consider the different […]
Material Facts: What Landlords Must Disclose Before They Insure
Landlord insurance depends on accurate information. The premium, cover, terms and insurer’s decision to offer insurance are all based on what the landlord discloses before the policy is arranged or renewed. That is why material facts matter. A material fact is information that could influence an insurer’s decision to provide cover, set the premium, apply […]
Sums Insured: Why Guessing Your Rebuild Cost Can Be a Costly Mistake
The sum insured is one of the most important figures on a landlord insurance policy. It is also one of the easiest to overlook. Many landlords focus on the premium, the insurer, the renewal date and whether the policy appears broadly similar to last year. But the buildings sum insured can have a major impact […]
Unoccupied Property Conditions: The Small Print That Can Catch Landlords Out
Unoccupied property is one of the areas where landlords can easily be caught out. A rental property may be empty for perfectly normal reasons. A tenant may have moved out. A new tenancy may not have started. Repairs may be needed. Refurbishment works may be underway. The landlord may be waiting for an agent, contractor, […]
Loss of Rent Cover: Why Landlords Should Check the Detail
For many landlords, rent is the income that makes the property investment work. It may help pay the mortgage. It may cover maintenance. It may support other properties in a portfolio. It may provide income the landlord relies on. That is why loss of rent cover can be so important. If a rental property cannot […]