Lots of insurance!

[diane]

Hi all,

I get my 1st BTL on tues and have spent ages checking out various companies for quotes, is there a company that does them all for a decent price?

Buildings & Contents

Landlord’s Ins

Emergency Cover

Public Liability

Appreciate any feedback ✅

[Julia Urquhart]

A commercial broker will quote you for LLs insurance which will be buildings & contents and you maybe able to add extras on - like legal cover (not listed but in my book necessary).

Emergency cover would be different as it is more about utilities and personally I don't use it.

Public liability is only required if you employ people.

Make sure you have buildings insurance in place for exchange as it is your responsibility at that point.

If you do not have tenants going in immediately you may need Empty Property cover instead of LL insurance.

Welcome to the Jungle & Good luck

[diane]

Thanks Julia that’s been a huge help 

Diane

[EvolutionBlogger]

I use an Insurance broker for all my insurance needs. A good broker will find the right policy, have access to all the deals and also help you if you need to claim. 

I agree that emergency cover insurance will be separate. I have my appliances insured with Domestic & General. I've never had a problem to claim with them

I also think you should get rental guarantee insurance. It pays out if your tenant stops paying rent

I wrote a step by step guide on landlord insurance. It's worth a read if you're new to this area 

[diane]

Many thanks Evolutionblogger I’ll certainly read the step by step guide 👍

[philip_green]

On 12/21/2020 at 8:36 AM, EvolutionBlogger said:

I use an Insurance broker for all my insurance needs. A good broker will find the right policy, have access to all the deals and also help you if you need to claim. 

I agree that emergency cover insurance will be separate. I have my appliances insured with Domestic & General. I've never had a problem to claim with them

I also think you should get rental guarantee insurance. It pays out if your tenant stops paying rent

I wrote a step by step guide on landlord insurance. It's worth a read if you're new to this area 

Thanks for the step by step guide I found it very useful

[kiran_plaris]

On 12/20/2020 at 6:20 AM, diane said:

Hi all,

I get my 1st BTL on tues and have spent ages checking out various companies for quotes, is there a company that does them all for a decent price? omegle bazoocam chatiw

Buildings & Contents

Landlord’s Ins

Emergency Cover

Public Liability

Appreciate any feedback ✅

I'm interested also. 

[EvolutionBlogger]

On 12/20/2020 at 2:20 PM, diane said:

Hi all,

I get my 1st BTL on tues and have spent ages checking out various companies for quotes, is there a company that does them all for a decent price?

 

Insurance doesn't work like that. You have to get quotes at renewal, and see which is the best offer. 

Insurers change their underwriting standards and their algorithms all the time. There is no 'one great company' that does great insurance

I personally avoid the smaller startup insurers that offer low prices. I think these companies are more likely to make it difficult, when you need to claim
 

[diane]

Thank you 🙏