Insurance
There are different types of insurance associated with buying property, some of which a mortgage lender will insist you have in place.
We have detailed these below:
Buildings/Contents Insurance
There are two elements to home insurance- Buildings, (usually only needed by Freeholders), and Contents.
Buildings insurance is an insurance policy that covers the financial cost of repairing damage to the physical structure of a property in the event of damage or theft. Examples include a fire, storm, subsidence and burglary.
An easy way to work out what’s covered is to imagine you can turn your home upside down; everything that stays put is covered by buildings insurance, if it falls, it is covered by contents insurance.
There are lots of things to consider with buildings and contents insurance- do you want accidental damage cover? Do you want legal cover? Do you have additional high-value items that need to be listed on the policy?
We can assist you with providing a buildings & contents cover that is suitable for your needs.
All our products a 5 star Defaqto Rated- what does that mean?! Basically that all our policies have been rated 5 star by independent experts Defaqto which means you can be confident that you are buying quality cover.
We can provide buildings and contents for residential, Buy to Let and commercial properties.
Landlord Insurance
Specialist Buy to Let insurance is essential for anyone who is renting out their property. It is specifically designed for the Buy to Let market and will provide buildings insurance to cover against fire, storm or theft. Contents cover can also be included to cover landlord’s items, such as white goods, carpets, curtains, and furniture if let on a furnished basis.
Cover can be extended to include the following:
- Accidental Damage
- Malicious Damage Cover
- Landlord’s Legal Cover – up to £25,000 to cover the cost of evicting tenants
- Rental protection
- Let Home Emergency Cover
Again all our Landlord insurance polices are 5 star Defaqto rated.