Enjoy complete peace of mind with our exceptional Landlords and Property Owners Insurance policy at Drayton Insurance. Whether you have just one property or a larger property portfolio, the standard insurance cover on our policy offers everything you a variety of benefits:
Drayton Insurance offers insurance to landlords across the UK from our offices in Norfolk and Suffolk. Our experienced team of brokers are on-hand to support you. Contact us for a quote.
With access to more than 100 specialist insurance companies, we can also provide policies to cover the following properties:
We are the recommended Insurance Broker for the Eastern Landlords Association and are delighted to offer all members access to our specialist insurance schemes for landlords, with enhanced rates & underwriting benefits for members as well as additional significant discounts for larger property portfolios.
Whatever properties your portfolio comprises of, you can trust that we will find the right insurance policy cover for you and if you are thinking of buying a property, we can give you a free postcode review checking our database for flood and subsidence. We might be able to give you information that will stop you investing in a property with issues that you didn't fore-see.
We work with all of the main UK insurers so we can offer expert advice to ensure your business is well protected. For the peace of mind that you have the right cover, please give us a call on 01603 954841, send us an email or pop in and see us.
In the UK, there is no legal requirement for landlords to have insurance. However, most mortgage lenders will require you to have landlord insurance in place before they will lend you money to buy a rental property. Additionally, it can provide you with peace of mind and financial protection in the event of an unexpected event, such as a fire, flood, or tenant damage.
- Buildings insurance: This covers the cost of repairing or rebuilding your property if it is damaged or destroyed by an event such as a fire, flood, or storm.
- Contents insurance: This covers the cost of replacing your belongings if they are damaged or stolen.
- Landlord liability insurance: This covers you if a tenant or visitor is injured on your property.
- Loss of Rent: This covers your loss of rental income following an insured loss at the premises.
- Accidental damage cover: This covers the cost of repairing accidental damage to your property, such as broken windows or stained carpets.
- Legal expenses cover: This covers the cost of legal fees if you need to take legal action against your tenant, such as for eviction.
The type of insurance you need as a landlord will depend on your individual circumstances. However, most landlords will need to have at least buildings insurance and contents insurance. You may also want to consider additional coverage, such as landlord liability insurance, tenant default insurance, and accidental damage cover.
Yes, landlord insurance typically covers tenant damage. This means that if your tenant damages your property, your insurance company will pay for the repairs. However, there are some exclusions, such as damage caused by wilful or malicious acts although we do have options to cover this to!
Landlord insurance does not typically cover the following: Wear and tear Intentional damage Damage by Pets, Pests or Vermin Loss of Rent due to tenants refusing or being unable to pay (although we can cover this separately with a rent guarantee policy).
There are several reasons why you should consider getting landlord insurance. First, it can provide you with financial protection in the event of an unexpected event, such as a fire, flood, or tenant damage. Second, it can give you peace of mind knowing that you are covered should the unexpected arise. Third, policies will often cover the costs of re-housing your tenants by providing alternative accommodation following an insured loss, this gives added protection to both you and your tenants.
No, you do not. However, it is highly recommended. Landlord insurance can provide you with financial protection in the event of an unexpected event, such as a fire, flood, or tenant damage. It can also make it easier to get a mortgage if you are planning to buy a rental property.
Yes, landlord insurance typically covers accidental damage. This means that if your tenant damages your property accidentally, your insurance company will pay for the repairs. However, there are some exclusions, such as damage caused by wilful or malicious acts.
Yes, there are different types of landlord insurance available. The type of insurance you need will depend on your individual circumstances. However, most landlords will need to have at least building insurance and contents insurance. You may also want to consider additional coverage, such as landlord liability insurance, tenant default/rent guarantee insurance, and accidental or malicious damage cover.
The cost of landlord insurance will vary depending on a number of factors, including the type of property you are letting, the value of the property, it's construction and location, your claims history, and the level of cover you choose.
No, your tenants are not covered under your landlord insurance policy as they do not have a financial interest in your property or its contents. We would therefore strongly recommend that all tenants take out their own contents and/or liability insurance to protect themselves and provide added protection to their landlords.
There may be specific requirements or obligations you might need to fulfil to qualify for landlord insurance and this can vary depending on the insurance company, but some common requirements include: You must be the legal owner of the property. The property must be used for residential purposes only. The property must be in good condition. You must have a valid tenancy agreement in place with your tenant. You will be required to comply with all legal requirements, such as gas and electrical safety inspections and any relevant fire regulations.
An empty property is a greater risk and you need to seek expert advice on insurance.
Regardless of the occupancy, we can help protect one of your most valuable assets.
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