Home 
Insurance
Insurance
 |
 |
 |
|
It is essential that both Landlords and Tenants hold insurance. We always advise that you take out a policy with a specialist provider to prevent any dispute should you have to make a claim. You will find below direct links to two companies that we have experience of and can recommend.   Your responsibilities are as follows:
Landlords All Landlords must have Buildings cover in place for the full reinstatement value of the let property. Landlords should note however that in many new build developments where an annual factoring fee is payable, that buildings insurance is often included in this fee so it is always worth double checking the details of the factoring arrangement. Landlords also require contents insurance to cover the furnishings etc. that they provide in the property. Anything the Tenant brings to the property will be covered by them. With both buildings and contents cover, the insurance company must be aware that the property is leased to avoid any difficulty or dispute in the event of a claim. We would advise that it is preferable to take out a specific Landlord’s insurance policy which can be provided by a specialist company. With this type of policy there is often an option for accidental damage cover which can offer additional peace of mind. Tenants All Tenants must hold insurance to cover their personal possessions that they bring to the property. We would advise that it is preferable to take out a specific Tenant’s insurance policy which can be provided by a specialist company. With this type of policy there is often an option for accidental damage cover which can be beneficial in ensuring the return of the tenant’s deposit |
