Let Property Insurance (UK)
Residential Let Property Insurance
If you have invested in the UK buy-to-let market or perhaps inherited a residential property, you'll want to be sure that your assets are fully protected. A serious fire or flood could ruin your investment if the property is not adequately insured. In addition to the physical damage there would also be loss of rental income and your tenants would have to find alternative accommodation. They might never return.
To protect you from these contingencies, and many others, we are able to offer a variety of affordable policies through a panel of reputable insurers. The cover can be tailored to suit your individual requirements. Insurance can also be arranged for blocks of flats; residents'/tenants' associations; and properties occupied by students and DSS tenants.
Commercial Let Property Insurance
Owners of factories, offices and other commercial premises face risks similar to those faced by residential property owners, but on a larger and more complex scale. A fire in a multi-tenure building can have far-reaching effects on the livelihoods of many people. As owner of a commercial property, you can minimise your exposure by effecting appropriate insurance.
Usually, the cover required by commercial property owners is:
1) Buildings
2) Loss of Rent
3) Public Liability
The perils to be insured against will, or should, be specified in the lease, but you do not need to restrict the policy to those perils unless you wish to do so. The lease will also identify the person responsible for arranging the insurance. It is usual for the Landlord to make the arrangements and then to recover the cost from individual tenants on a proportional basis, perhaps based on occupied floor area or rateable value.
