Property Insurance
Property insurance is a broad term that refers to several different types of insurance, including homeowners, landlord, commercial, unoccupied, holiday lets, guest houses, etc. In general, these policies provide protection in the event of damage, theft or other arising issues detailed in the policy. You should always be cautious about what cover you need as different terms are required for different properties.
Here are some of the most common types of property insurance :
Home Insurance
In simple terms, Home insurance protects the house that you live in where you can also add cover for your belongings in your property, usually against theft or damage from fire and flood being the most common. These can be split into three options, Building Insurance, Contents insurance, and Combined Building & Contents insurance.
Landlord Insurance
Landlord insurance is important for anyone who rents out their property. It covers you for damage to the buildings or to your contents against a range of perils such as flood, fire, burst pipes or storm. There are additional options such as loss of rental income, property owners liability, accidental damage and a range of legal matters which should be considered.
Although landlord insurance isn’t compulsory, we would strongly recommend this cover. Most buy-to-let mortgage lenders will require you to take out insurance before your tenants move in.
Commercial Property Insurance
Commercial property insurance is designed for those who own the building they work from. There is also commercial landlord insurance, which offers special protection for landlords letting out buildings to third parties for commercial use.
The insurance cover includes loss of damage caused by fire, storms, floods, malicious damage, etc. As well as theft, accidental damage, and subsidence.
Even though it’s not a legal necessity, you will be liable for any third-party compensation claims related to injury through negligence. Tenants need to ensure they have appropriate cover and their lease agreement for any mandatory insurance requirements.
Holiday Let Insurance
Holiday let insurance covers you and the property that you use to let out to paying guests, friends, and family on a short-term basis. Policies typically cover public liability, accidental damage, loss of rent as well as periods when the property is unoccupied.
Guest House Insurance
Whether you run a bed and breakfast or a guest house, there are always risks we recommend you have cover for. From broken down boilers to theft or damage to your guests’ possessions, along with flood or fire instances. You can pick from a range of cover options as not all guest houses are the same. You may have swimming pools or pool tables for example that might need to be considered.
Unoccupied Insurance
Unoccupied insurance covers you when your home or business premise is empty for longer than your standard policy will allow. For example, you normally would only get cover if your home is empty for up to 30 days. Anything that happens outside this period will not be covered.
At Cleddau Insurance we provide –
Bespoke Cover – Providing cover that will give you peace of mind
Market Range – Access to over 100 of the UK’s leading insurance companies, some of which you won’t get access from anywhere else.
Integrity – Delivering quality service that has been trusted for over 25 years
Here are some other additional benefits of using an insurance broker like Cleddau –
So why not call us today for advice on your insurance needs or fill in the details on the form and we can get back to you with an instant quote.
