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Excess Or No Excess?


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Hi David

 

All down to your view on risk. 

 

Personally I'd go for the £250 excess as I think that is reasonable on any buildings insurance for an 11% reduction in insurance cost.

 

At £300 your property is more than double the UK average in insurance cost.

 

Have you tried Property Geek Landlord Insurance? It has a price guarantee and may be able to save you money on your insurance? I'd be keen to hear feedback if you give it a try!

Jason McClean

The Property Insurer

07734-113554

 

http://www.thepropertyinsurer.co.uk

http://www.thehomeinsurer.co.uk

http://www.smartlandlord.co.uk

 

The Property Insurer has one aim only – to be the leading specialist price comparison insurance website in the UK, providing the very best and most appropriate property insurance cover at the keenest price.

 

That’s our aim and we are not a big conglomerate that has hungry shareholders, we are a small company that is taking a long term sustainable approach to business that we think is responsible and will work for everyone we deal with, whether broker, insurer or customer.
Not being a conglomerate is a good thing for us all as we do not have huge overheads or costs to cover – that means lower cost of insurance for you.
Any comments or suggestions are gratefully received, please send to Jason@thepropertyinsurer.co.uk. Jason is a Director so when you get through to him, you can be sure you are speaking with someone who wants to listen and will do so very carefully.
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Thanks for the advice Jason.  I was thinking of the £250 excess myself, but wondered if there were any reasons I hadn't thought of which would make the £0 excess a better way.

 

Looking for some good quotes, via ThePropertyInsurer.co.uk I was contacted by a very helpful broker who came up with a lower price.  Unfortunately, because my property is currently between tenants, and has been unoccupied for just over that magical 60 days, for now he could only offer empty property insurance - at double the price, but covering less risk (but I would get a partial refund once occupied, when the policy could be modified). 

 

In the end, I settled on paying a bit more for a standard landlord's policy which still covers the normal risks and allows a longer void period. 

 

Oh, and I did go for the £250 excess.   :)

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Glad you got it sorted David!

 

Unoccupied and Landlord go together quite closely, but over 60-days does become a problem for some providers. 

 

I hope you get tenants in quick, get it back earning and please remember us at renewal next year!

Jason McClean

The Property Insurer

07734-113554

 

http://www.thepropertyinsurer.co.uk

http://www.thehomeinsurer.co.uk

http://www.smartlandlord.co.uk

 

The Property Insurer has one aim only – to be the leading specialist price comparison insurance website in the UK, providing the very best and most appropriate property insurance cover at the keenest price.

 

That’s our aim and we are not a big conglomerate that has hungry shareholders, we are a small company that is taking a long term sustainable approach to business that we think is responsible and will work for everyone we deal with, whether broker, insurer or customer.
Not being a conglomerate is a good thing for us all as we do not have huge overheads or costs to cover – that means lower cost of insurance for you.
Any comments or suggestions are gratefully received, please send to Jason@thepropertyinsurer.co.uk. Jason is a Director so when you get through to him, you can be sure you are speaking with someone who wants to listen and will do so very carefully.
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