INSURANCE FOR BUSINESS | PROPERTY INVESTORS

Residential property insurance

Your investment property is a valuable asset, whether it is owned by you or your pension fund or your SIPP. You need to make sure that it is insured on the correct basis so that your investment is fully protected in the event of a claim.

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Why choose us?

Dedicated Loss Assessor

Appointed by you rather than insurance company in event of major claim.

Wide Policy Cover

Panel of A rated insurers, including Lloyds. Tailored quotations, enhanced covers.

Rebuild Cost Assessment.

RICS approved valuation service ensures sum insured avoids underinsurance.

Protect Your Investment

As the owner of an investment property, you will want to make sure that your investment is fully insured. You need to think about residential property insurance not only for the physical element of the building, but also for any ongoing rental income that could be affected in the event of a major claim.

There are a number of insurers who write Property Owners business, but they all offer different wordings and additional covers, and so it is important to engage with a broker who can analyse this for you and place your business with the insurer that is best matched to your needs.

Protect Your Investment

As the owner of an investment property, you will want to make sure that your investment is fully insured. You need to think about residential property insurance not only for the physical element of the building, but also for any ongoing rental income that could be affected in the event of a major claim.

There are a number of insurers who write Property Owners business, but they all offer different wordings and additional covers, and so it is important to engage with a broker who can analyse this for you and place your business with the insurer that is best matched to your needs.

Residential property insurance covers

Covering the physical building is important but there are a number of other options to consider when looking to protect your investment:

Residential Buildings Insurance

This Insurance will cover the physical structure but it is important to establish the correct rebuild sum insured to avoid underinsurance in the event of a claim. We will recommend a rebuild cost assessment to you in order to deal with the adequacy of the sum insured. We would recommend that cover is taken out on an all risks basis.

Loss Of Rent Insurance

Covers the money you would lose, as a landlord, if your property becomes uninhabitable due to an insured event (e.g. a fire or flood) and your tenants are forced to move out. This Insurance would enable you to claim back the lost income.

Property Owner Employers’ Liability

As a landlord you may employ cleaners, handymen, clerical staff or gardeners. This will mean that you are required by law to take out Employers’ Liability Insurance to cover you in case they get injured or become ill whilst carrying out duties on your behalf.

Property Owner’s Liability Insurance

Covers your legal liability to pay compensation for injury to third parties or their property. As the owner of a building you could become liable for such claims. A simple example could be a visitor tripping on your premises or a tile falling off a roof and hitting a member of the public.

Legal Expenses Cover

Provides legal advice and covers for legal costs in the event of a dispute relating to your property, such as a disagreement with your tenant. It includes cover for legal action and court proceedings.

Dedicated Loss Assessor Service

In the event of a major claim such as a large fire it would be in your interest to have a loss assessor working on your behalf to help you with the claim.

Rent Guarantee Insurance

Landlord’s Rent Guarantee insurance, often referred to as rent protection insurance is a form of cover that acts as a safeguard should your tenants be unable to pay their rent.  It helps to ensure that you will still receive your rental income should a problem occur in this regard.

To discuss any aspect of your residential property insurance requirements with us, please contact us and one of our dedicated Account Executives will be in touch to assist you further.

Nine out of ten properties in the UK are insured for the wrong amount. The vast majority (79 percent) are underinsured for an average of 69 percent of the amount they should.  We work in partnership with a firm of Chartered Surveyors to make sure that you have the opportunity to assess your rebuild sum insured.

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R K Henshall & Co Ltd are Independent Intermediaries and are authorised and regulated by the Financial Conduct Authority. Directors: J.R. Henshall B.A.(Hons) ACII Cert CII (FS), A.J.Simpson ACII, T.R.Dredge DIP CII, A.Brown FCCA. Director/Company Secretary R.K. Henshall ACII. Registered No. 1285024

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