We believe that everyone should have access to the highest quality insurance advice. Whatever your circumstances, we are able to save you time, stress and money.
Landlord insurance is a safety net for property owners who rent out their properties to tenants. It’s designed to protect you financially in the face of unforeseen events. While it can’t prevent mishaps, it can offer peace of mind by covering various risks like property damage, liability claims, and loss of rental income due to property damage or tenant-related issues.
With landlord insurance, you can breathe easier, knowing you have a robust shield to help safeguard your investment and provide you with financial relief when you need it most. There are a few different levels of cover and optional extras for landlord insurance policies that you can add, depending on your specific requirements. Insurance brokers, such as us here at Nest GI, have the expertise to guide you through the intricacies of landlord insurance, helping you determine the precise level of coverage and any additional options that align with your unique requirements. Their insights can be invaluable in ensuring you make the most informed and suitable choices for your property investment.
There are three different types of landlord insurance policies – Buildings insurance, contents insurance and combined insurance.
Landlord Buildings Insurance
Similar to residential buildings insurance, landlord buildings insurance covers the structural elements of the property and its permanent fittings, such as the roof, walls and fitted kitchens and bathrooms.
While it isn’t legally required to have a specific landlord buildings insurance policy, many mortgage companies require it as a condition of the mortgage. Residential buildings insurance policies don’t offer the level of cover required for a rental property, it is vital that you have a policy suitable for the properties situation.
Landlord Contents Insurance
If your rental property is furnished, you may consider purchasing contents insurance.
A landlord contents insurance policy will only cover items you own inside the property, not those belonging to your tenants, and will not cover the building itself.
Combined Landlord Insurance
If you want maximum protection for your buy-to-let property and the contents that you own inside it, you can get a combined policy.
Many landlords decide to go with a combined insurance policy if they are renting their property as furnished, as it can be a more cost-effective and convenient way of insuring belongings against tenant damage.
Buildings sum insured up to £1,000,000
Your Landlord Insurance premium is also determined by the perceived likelihood of a claim.
Working with a reputable insurance provider like Nest GI ensures that you receive a tailored premium estimate based on your unique circumstances. This approach allows you to make a well-informed decision about your coverage while considering your budget.
Why Nest GI?
At Nest GI, we pride ourselves on delivering world-class customer service. Our dedicated advisors are trained to provide expert advice and recommendations, tailored to your needs.
As well as this, we know that the cost of living crisis is tightening everybody’s purse strings, which is why our service to you is, and will always remain, completely fee free. This means that you only pay for the insurance product that you purchase, not for the guidance that we have given.
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