Landlord insurance in Redditch
- Recurring
The short answer
Buildings, contents and liability for let property
- Price from
- £150.00
- Time on site
- 45 to 90 minutes
What you get
You will receive a comprehensive landlord insurance quote and policy details from a regulated UK insurance broker.
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When do you need a Landlord insurance?
You should arrange your cover as soon as you plan to rent out a home. Most banks require it before they will lend you money for a property.
- Before your very first tenant moves in
- When applying for a buy to let mortgage
- If you change from long term lets to holidays
- Every year to check your property value
- Before a property becomes empty for long periods
What happens on the day
A broker will ask for specific details to find you the best price. They will need to know who lives there and how much the house costs to rebuild.
- Provide the exact property rebuild cost
- Tell them what type of tenants you have
- Choose if you want extra rent protection
- Decide on your excess payment amount
- Check for any special rules about locks or alarms
How to prepare
- Find your property rebuild cost
- Identify your tenant employment status
- List all furniture you provide
- Check your mortgage contract requirements
- Note the property year of build
- Confirm the types of door locks fitted
- Gather details of past insurance claims
How to improve your result
- Install high quality five lever deadlocks
- Fit smoke and carbon monoxide alarms
- Join a professional landlord association
- Keep the property in good repair
- Check your tenants' references thoroughly
- Pay annually to save on interest
Why it is useful day to day
Having the right policy gives you peace of mind while you manage your rental. It stops a single accident from becoming a massive financial disaster for your business.
- Protects your monthly income if tenants stop paying
- Pays for repairs after fire or floods
- Covers legal bills if someone sues you
- Provides emergency help for broken boilers
- Helps pay for tenant housing after a disaster
Why we ask these questions
Your advisor will help you understand what level of protection you actually need. They will explain how different add-ons keep your income safe if tenants cannot pay.
- Ask about the property owner liability limit
- Check if emergency repairs are included
- See if you are covered for malicious damage
- Find out if legal fees are paid for
- Clarify the difference between rent guarantee and loss
Frequently asked questions
Often needed alongside
- Recurring
Letting agent (full management)
Find tenants and manage the tenancy
Buy-to-let mortgage
Mortgages for rental property
- Recurring
Property management
Day-to-day running of let property
- Recurring
Home (buildings) insurance
Buildings cover for owner-occupiers
Limited company buy-to-let
SPV mortgages for company landlords
- Legal requirement
HMO licence application
Prepare and submit licence
- Recurring
Contents insurance
Cover for belongings
- Recurring
Rent guarantee insurance
Covers lost rent if tenants don't pay