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Damaged property can be a common issue for landlords. Covering rebuilding costs can be expensive and will impact rental income. Prevent large bills from hitting your pocket with cheap landlord buildings insurance.
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- Additional cover available such as landlord contents insurance
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Getting the right level of cover will give you peace of mind that your property is protected. It doesn't have to cost the earth either.
CIA is an independent broker that compares the whole market for an accurate quote. The big names such as MoneySuperMarket and Comparethemarket only compare quotes from a select few insurers whereas we compare 9 leading insurers.
Chat with our experts to receive a tailored quote that meets your needs - there's no need to worry about being over or under-insured.
Providing tenants with a property to live in is a big responsibility. To enjoy the peace of mind that your rental property is protected, choose CIA Landlords for a great deal for the cover you need.
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What is landlord buildings insurance?
Landlord building insurance covers the costs of repairing and rebuilding your property if it should get damaged as a result of any insured peril such as a fire, storm, or flood. Typically, this includes cover for the roof, floors and walls, as well as any permanent fixtures, such as kitchen cabinets and bathroom suites.
Building insurance won't just cover the structure of the property and any damaged interior fittings. Sometimes landlord building insurance also covers outside structures connected to your property. For example, if you have a burst pipe or an issue with your garage, your landlord building insurance policy may cover the cost of the damage this causes.
What does buildings insurance cover?
Aside from damage due to fires, storms, floods, and any other standard perils to your buildings from the elements, your policy may also cover the costs for
- Full accidental damage
- Loss of rent (in the event of an insured peril)
- Alternative accommodation (in the event of an insured peril)
- Property owner's liability
- White goods
Optional Extras
- Malicious Damage & Theft By Tenants
- Trace & Access Cover (most policies)
- Landlord Legal Protection
Our expert says...
"Here at CIA, we work closely with our partners to ensure we can offer a range of landlord insurance policies to suit individual needs and budgets. To get a quotation simply call our UK call centre to speak with one of our knowledgeable advisors or click onto our website."
Richard Wayman - Finance General Manager
What isn't covered?
You will need to take out a separate contents insurance policy to protect belongings inside the property such as freestanding items, furnishings, and furniture that you provide for tenants.
Alternatively, you can take out comprehensive landlord insurance that covers both buildings and contents.
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How much does landlord buildings insurance cost?
Various factors can affect the cost of your landlord buildings insurance premium.
- Property location - Higher crime rates in the area will push up your premium.
- The size and age of the property - The cost of potential repairs and the likelihood of needing repairs will vary.
- The type of tenancy agreement
- Landlord's claims history - Insurance will be higher if you have made a previous claim.
- Payment plan - Landlord buildings insurance is cheaper if you pay for it annually rather than monthly.
Frequently Asked Questions
Some insurers will allow you to have a landlord insurance policy if you’re living there initially, on the basis that you will move out and your tenant will move in within 8 weeks. If you are intending on staying in the property with tenants there too, you will need a household policy rather than a landlord insurance policy.
You never know when you might unexpectedly be left without tenants for a period of time, so it’s sensible to take out a landlord building insurance policy that will cover your property when it is unoccupied.
Unoccupied properties can be more vulnerable to damage, vandalism, theft, and break-ins. Just make sure you pay attention and read the details of your building insurance policy, some insurers will only provide building insurance coverage for unoccupied properties for a limited amount of time, and you don’t want to be caught short.
Yes, landlord insurance can include building insurance since building insurance is a type of landlord insurance. However, check with your provider and make it clear that you want to add building insurance to your landlord insurance bundle, don’t always assume it will be included in your landlord insurance deal. Fortunately, CIA works with insurers that cover all bases and offer comprehensive packages covering various types of landlord insurance, including building insurance, contents insurance, specialist flat cover, buy-to-let insurance, and rental property insurance.
You must contact your insurance provider and follow their instructions in order to make a claim on your landlord building insurance so all your costs get covered.
Your rebuild cost, sometimes referred to as building sum insured or reinstatement value, can be most accurately found on a mortgage valuation. If you do not have one to refer to then you can try the Building Cost Information Service (BCIS) commissioned by the association of British Insurers. This free service can be found on https://calculator.bcis.co.uk/.
Rising damp is not covered under any insurance policy.
You can insure any type of building, including houses, cottages and flats.
Many landlord insurance policies combine buildings and contents insurance. Check your current cover, as your building may already be protected. If you let a flat, the buildings insurance is usually arranged by the landlord that owns the freehold of the property
All renewals are invited by email, letter and followed up with a phone call. so you will always know when your policy is due for renewal.
Advice Centre for Landlords
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