A buy-to-let property is a significant investment and, to fully protect your asset, it's important you have the correct insurance in place. A typical household insurance policy will not provide the level of cover required for a rental property and may leave you out of pocket following a loss, so we recommend all landlords have specialist landlord insurance policies.
What is Landlord Insurance?
Landlord insurance is cover designed specifically to protect landlords, and their properties, from the risks associated with renting. Landlord insurance policies usually include buildings and contents cover with additional landlord-specific protection. A landlord insurance policy is commonly required by mortgage lenders when renting your property.
Clan Gordon Block Insurance Policy
We have an established relationship with Bruce Stevenson Insurance Brokers, who have set up a block insurance policy for the benefit of our clients. The policy, provided by NIG, is specifically designed for residential lettings properties and can include building and/ or contents cover.
Please note: our block insurance policy is only available to landlords opting for our fully managed service.
Key cover and policy benefits include:
- We are authorised to assist with insurance claims on your behalf.
- Preferential rates combined with comprehensive cover.
- Accidental Damage cover included as standard.
- Malicious Damage & Theft by Tenants cover included as standard.
- Up to 90 days full cover when the property becomes unoccupied.
- Trace & Access cover for locating the source of a leak.
- Legal expenses in respect of property disputes.
To ensure your property is adequately insured, request that cover for student tenants is included in your quote, even if your property is not specifically for students. Excluding students from your policy will limit your ability to rent to mature and paid research students, who can make excellent tenants. It is important to advise us if your insurance policy does not include cover for students.
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