As is the case with many modern businesses, very often the first impression you receive of a landlord insurance specialist is via the company’s website. Whilst this offers the advantage of enhanced convenience and allows you to make a judgement in a pressure free environment, if the firm’s website doesn’t provide all of the relevant information then it can take time to have your questions answered. One innovative team has developed an online quotation system so that their website offers clients everything they need at the click of a mouse. Advisors are on hand to answer questions, but all information is clear and should provide everything you need.
It’s always pleasant to visit a website which contains up to date information regarding the product you’re looking for. It’s frustrating if there are only hints of what’s available, as it takes time to call or email the company directly to find out. The two main types of insurance usually on offer where landlord insurance is concerned are residential let insurance and commercial property owner insurance.
Residential Let Insurance
Clearly designed to cover the dangers associated with residential tenants, this type of cover involves a number of benefits. First and foremost is the fact that it insures policy holders against damage done to their property either due to the accidental or intentional actions of tenants. Even the most respectful of tenants will inevitably have accidents; this covers ensures the costs of repair are covered.
Residential insurance also includes legal liability cover for you the owner and rent loss recuperation of sums as much as 20% of the property’s value. With many landlords relying on rent as their primary source of income, this is an indispensible addition.
Commercial Property Owner Insurance
For the needs of commercial property owners industry leaders have developed watertight cover. As well as a 24 hour glass replacement service and lock replacement cover, policy holders are entitled to free telephone advice which covers elements like tax and legal advice. For first time commercial landlords especially this insider guidance is priceless, and could mean the difference between sinking or swimming.
Quotations for both of the above landlord insurance policies are available only on leading insurers’ websites in a feature that is still rare in the industry. For a first time quotation or a renewal price based upon individual situation and previous quotes, don’t hesitate to use and explore your chosen expert’s website in full.