insurance on freehold property?

[jingle68]

Hi, i have just purchased a 2 bed mid terraced freehold house on buy to let.
the property will be fully managed by a letting agency. It will be unfurnished apart from carpets/curtains.
what insurance cover should i go for?
is there cover for water leaks or electrical problems etc?

[Poppy]

You should buy buildings insurance and contents insurance. Make sure that the insurer(s) know that the property is let.

[jeffrey]

You should buy buildings insurance and contents insurance. Make sure that the insurer(s) know that the property is let.

...except contents insurance difficult- most contents will belong to T, and insurers don't like insuring goods of others than insured party in person.

[specialist]

Hi, i have just purchased a 2 bed mid terraced freehold house on buy to let.
the property will be fully managed by a letting agency. It will be unfurnished apart from carpets/curtains.
what insurance cover should i go for?
is there cover for water leaks or electrical problems etc?

This type of property is best done with a broker rather than a direct insurer a simple landlords household will suffice. Direct insurers do not understand this and will quote on a normal household policy which can be worthless when you claim !!!! in addition to the building cover ask for the minimum contents cover to protect the carpets & soft furnishings. there is an element of water dame cover as standard but it is not possible to extend this on a let property do ensure you are covered for loss of rent in the event of a claim
good luck I will offer you a quote if you want

[Poppy]

Let me clear the murk from Jeffrey's muddy waters. Obviously no landlord insures their tenants' possession. :rolleyes:

It is entirely up to the landlord to insure his contents however few they may be. Every dwelling has contents. Frequently the following are overlooked as "contents": décor, garden plants and equipment, alarm, free-standing kitchen cupboards and free-standing equipment. (What else is often overlooked?)

I am sure it will not happen, but if there was a problem and jingle68 did not insure the contents of his "unfurnished" property he would soon know what items he could/should have potentially insured.

[jingle68]

quote from zurich £177.

buildings 80k
contents 2.5k
public liability 2,000,000
loss of rent 20%
legal protection included
accidental damage included.

is there anything i should also ask is included?

[Baldfacedfrodo]

You can obtain a landlord insurance policy from www.abib.co.uk. The Buildings cover also includes cover for carpets, curtains, fixtures, fittings (bathroom and kitchen units) and any free standing white goods you may leave for the tenants to use plus other things as well.

Please email me at pbarber@abib.co.uk if you require a quotation or advice.

Kind regards.

[jeffrey]

quote from zurich £177.

buildings 80k
contents 2.5k
public liability 2,000,000
loss of rent 20%
legal protection included
accidental damage included.

is there anything i should also ask is included?

Cost sounds very reasonable.

[Pete Matthews]

You will need to purchase 'Landlords' or 'Let property' insurance (diferent terms used for the same cover)

This would have additional features compared to a standard buildings policy, including loss of rent cover in the event of a claim and an unoccupancy clause in the event of a short break in tenancy.

Try UKinsuranceNET on 0845 3451236. or visit

www.landlords-building-insurance.co.uk

You will be able to get cover for accidental damage to glass, ceramic hobs and underground services included in a buildings policy as well as cover for fitted carpets. (depending on the insurer)

This would save the cost of covering your contents in the property if they are minimal. Your tenant could get their own policy to cover their own contents

Regards,

Chris McLean
UKinsuranceNET.