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iInsure365 are specialists in residential and commercial landlords building insurance and have negotiated a great value comprehensive cover with one of the UK's largest Insurers. You won't find us on comparable websites, so contact us direct for a competitive quote. We don't compromise on quality. Our building insurance offers all the cover a landlord would normally require: Our policy is exclusive to ourselves and has been targeted towards buy-to-let landlords, people who rent their property, investment landlords and property companies. It includes all the additional extras that usually cost you extra. Compare your cover today.
Underinsurance is a rising problem in the buy to let industry. This occurs when a landlord provides an inaccurate rebuild cost of their property for insurance purposes. Not only does this threaten to affect the settlement of any potential claims, but there is also contractual conditions under the lease that require full reinstatement of the building. "Property owners should carry out professional building valuations at least every three years. This guarantees an accurate rebuild cost and enables the insurer/loss adjuster to concentrate on settling any claims that may arise rather than having to investigate possible underinsurance issues and causing unnecessary delays." It is increasing likely that mortgage lenders will request a property is insured for a minimum amount. In severe underinsurance cases, failure to meet this contractual obligation could even lead to foreclosure on any loans secured against the property. iInsure365 can not advise on your rebuild cost. The best way to calculate this is to use a professional surveyor, however you can also use the association of British Insurers rebuild cost calculator. This can be found at http://abi.bcis.co.uk/ For a no obligation landlords insurance quotation on your freehold property, contact iinsure365 on 01273 827090 or apply online
While our landlords insurance cover offers protection against unforeseen circumstances, there are certain precautions that should be taken by all landlords to reduce the risk of a property falling victim to the British winter. We'll be documenting steps each day you can take to prevent any unnecessary headaches. First in the series, the risk of burst pipes.
Just a small leak can cause no lack of cost and inconvenience. There are simple precautionary measures that can be taken to reduce the chance of a potential nightmare. It is essential that the thermostat is fully operational and that the boiling and heating system is checked regularly. Ensure that dripping taps are fixed and check dripping overflow pipes, which can indicate a problem in the system. Check hoses to any plumbed in appliances. Check the insulation on your water pipes and cold water tank - those in the attic or other vulnerable spaces should be lagged or similarly protected. Consider leaving loft hatches slightly open to allow warmer air to enter any loft space housing water pipes and leave internal doors open to allow warm air to circulate throughout the house. Disconnect any hoses and make sure any external taps are turned off. Ensure that the heating is kept permanently on during times of severe temperatures. Make sure you water supply is easily accessible and can be turned off when needed. Should your main heating system fail during the winter months, we recommend that electric convector or fan-assisted heaters with thermostatic cut-outs that operate in the event of over-heating are used as a temporary measure. Portable heaters should be sited well clear of combustible materials and, where possible, protected against the possibility of being knocked over or moved accidentally by the fitting of guards. Temporary heaters should not be left unattended for long periods or used when the building is unoccupied, and should never be moved when switched on. Electric radiant heaters and paraffin/oil fired heaters should never be used, even as a temporary measure. If you discover a frozen pipe, don't wait for it to burst. Turn off your water supply and then slowly thaw the affected pipe by introducing gentle heat to the area, such as with a hairdryer, space heater or hot water bottle. Do not attempt to thaw the pipe with a blow torch or other open flame. If a pipe does burst, turn off the water supply at the stopcock and try to catch any excess water in a bucket or other container. (Do not use any electrics if you believe these may have been affected by the escaping water). You'll need to have these checked by a professional electrician.
Tips provided by iInsure365. Don hesitate to call us for a quote! 01273 827090
When taking out landlords insurance for your buy to let property, your insurer will want to know the rebuild costs of the property to be insured. Rebuild costs are calculated by taking the following into account:What are rebuild costs? The amount it would cost to rebuild if the property were destroyed. In addition to the costs of materials and labour, professionals & fees, such as surveyors, should also be included. The rebuild costs directly affect how much your rental property should be insured for and, in turn, the amount of insurance premium you need to pay. If the rebuild cost is calculated incorrectly then you as the landlord could pay the price. Are regular reviews necessary? It is essential to review your property & rebuild costs on a regular basis to make sure you have the right level of insurance cover. This is particularly the case if you make any changes to the property (such as building an extension) which could increase the rebuild costs and the level of cover you need. Some insurers use index linking* (definition below) to review the rebuild costs and your insurance premiums could then be altered in line with this. Why do you need to know the rebuild costs? Insurers need to know how much a building should be insured for in case it is destroyed and needs to be rebuilt. As the property owner, the onus is on you, the landlord, to get the sum right. Help is available, with online links included here to help you find a chartered surveyor or to estimate your rental property & rebuild costs using an online calculator. Are rebuild costs the same as a property market value? Rebuild costs are NOT the same as a property market value or your council tax band valuation. In fact, market value is often higher than the rebuild costs because the market value of your property includes the land on which it sits and land accounts for roughly one-third of the market value. Rebuild costs do not include the value of the land because often when a building is destroyed the land is unaffected and so can be rebuilt upon. If you are tempted to cut corners and provide your insurer with the market value rather than the rebuild costs then think again, as you are more than likely to be left out of pocket with high insurance premiums. How are rebuild costs calculated? There are two ways to calculate rebuild costs: Use an online calculator. Hire a professional chartered surveyor. Although an online calculator can provide you with a rebuild costs estimate based on the information you provide, the most reliable way in which to calculate the rebuild costs of your property is to use a professional chartered surveyor. Online resources To find a professional chartered surveyor visit: www.ricsfirms.com To calculate your estimated rebuild costs online visit: http://calculator.bcis.co.uk By taking the time to check the true rebuild costs of your rental property and by reviewing the costs on a regular basis, you can make sure you've got the right level of cover. It will also make it quicker and easier to get a quote for landlords insurance. *Index linking protects you against underinsurance. At each annual renewal, your insurer will review and increase the building sum insured in accordance with an index linked to inflation. This ensures that you have sufficient insurance to cover the increasing rebuild costs. NB Although index linking will keep the insured sums up to date, the initial rebuild costs must be correct from the outset if you want to be certain that you have enough insurance cover. Obtain a free no obligation quotation for landlords insurance: http://www.iinsure365.co.uk/landlord-insurance-quote/ Or call iInsure365 on 01273 827090.
Often if an insurance policy seems reasonably cheap it may pay you to check what is actually included in the policy, as many companies charge extra for landlords normal requirements, like malicious damage. Its also worth checking the small print to make sure that there aren't going to be a raft of hidden charges that you had not previously bargained for like administration charges for amendments to your policy or brokerage charges. At iInsure365 we have negotiated a policy that includes all the cover landlords are likely to require with one of the worlds leading insurance companies. Our policy includes loss of rent (up to 30% of the buildings sum insured), £5 million of property owners liability and accidental damage or malicious damage, so there are no additional charges if you need these to be covers to be added.As part of our service we will make any amendments to your property schedule, for example changing a noted interest or the freeholder details free of charge and we guarantee to make the changes within twenty four hours of notification to us. Were not a broker therefore do not charge brokerage fees and do not add an administration charge for processing your paperwork.We pride ourselves on being different from the rest. From having dedicated account managers so that when you call you'll be able to speak to someone who is familiar with your properties, to being transparent with what we charge and we can deliver a service that is friendly and efficient.Visit our website to gain a free quote for Landlords Building Insurance.
When it comes to landlords buildings insurance it really can pay to shop around. Many of our clients believe that because they have been with their insurance broker for many years that they are automatically receiving the best deal on the market. Unfortunately this is not always the case. Many of our clients have been pleasantly surprised when they have obtained a quote from iInsure365, not just due to the competitive premiums but also the level of cover our landlords insurance policy includes. Protecting your investment is important, so the policy you buy should cover you for the rebuild costs of your property and for other threats such as intentional or needless damage. iInsure365 have negotiated a policy with one of the market leaders in insurance to include malicious and accidental damage in their policy - at no extra cost - along with many other benefits. We have a low flat rate across the UK (subject to the successful completion of a short form and a post code check) and have managed to save some of our clients in excess of 40% on their premiums, and in some cases, provided them with more comprehensive cover. If you would like to obtain a free no obligation quote you can either visit our website or call Emily on 01273 827092.Competitve Quotes: Landlords Building Insurance
Landlords may suffer property damage because their residential premises are being turned into cannabis farms - even properties in desirable locations can be affected.Property damage can include holes in walls to pass cables through, buckets and pipes leaking water, and cases of fire damage from rewiring the electricity meter, intense heat from lights, or when tenants start a fire to cover their tracks before a police raid.Landlords should look out for the following tell-tale signs - regularly noted in insurance claim files - that suggest a property is being used as a cannabis farm, Short term let 3/6 month duration,Rent paid in cash, sometimes in full or for a significant period of the let, Window blinds or curtains are always drawn, A pungent smell may be noticed through the walls of adjoining properties. Landlords have the responsibility to take reasonable precautions to ensure the suitability of tenants. These simple steps can help keep your property safe and satisfy your obligation to your insurance company to take reasonable precautions: Do not accept payment of rent in cash, insist on payment via a bank, Be wary of short term lets without rigorous vetting of the prospective tenant including references that can be checked, Ensure you inspect the premises regularly with a thorough internal viewing if possible, Do not allow sub letting, Employ a letting or managing agent to manage the tenant vetting process and provide an inspection service on your behalf to identify any misuse of the premises early on. Avoid damage to your property by following these simple precautions. It may be financially beneficial in the long run!
Low-cost, high quality Landlords Buildings Insurance for residential and commercial properties. Because iInsure365 only deal with buy to let and multi buildings insurance we can offer very competitive premiums to landlords. You won't find iInsure365 on any comparison websites, so contact us direct for a competitive quote. We don't compromise on quality - our building insurance offers all the cover a landlord would
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Underwritten by one of the largest insurers in the world, contact iInsure365 for a quotation on your freehold rental property. Our unrivalled level of cover and approachable team are just two of the many reasons we are the preferred choice for freeholders across the UK. For a quotation on your property or portfolio contact iInsure365 on 01273 827090.
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Not sure which insurance company to choose? Thousands of people opt for us to insure their rental property with iInsure365 every year. Whether residential or commercial property, our unrivalled level of cover and approachable team are just two of the many
Price: £159.00 min premium