Landlord buildings insurance

clearmydebts

real1314 wrote: »

The very least you need to post is the building sum insured.

If it's £200k it's very cheap, if it's £60k is fairly dear. And is it just for buildings cover or any contents?

It is for a flat worth £155,000 and is just buildings (not contents). I was just finding it hard to find insurance companies to insure landlords, but have a few names now so can get quotes and compare!

clearmydebts

JayZed wrote: »

I used the London office of the St Giles Group (http://www.stgilespi.co.uk/) who found me a good policy with AXA (which paid out quite a substantial sum a few months later when a broken pipe caused water damage to our ceiling and wall).

In our case we needed a policy that would cover a shared-freehold converted house, of which the upper-floor flat was owner-occupied and the ground floor flat (ours) was let. Most large brokers couldn't handle this, but St Giles sorted it out in no time.

Thanks for that. Will have a look at these also.

giantsunflower

mchale wrote: »

I use ashburnham insurance services: 01702 347400. Cant fault them

Thanks a lot. Just shaved off £337 from my annual premium with a quick call to Ashburnham!

Delighted. :T

chiefgoobster

I'm with Zurich and it costs about £9 per month for buildings insurance.I'm happy with them , never had to claim (touching wood frantically ! ) and they leave me alone really.

m1ntie

chiefgoobster wrote: »

I'm with Zurich and it costs about £9 per month for buildings insurance.I'm happy with them , never had to claim (touching wood frantically ! ) and they leave me alone really.

Are you sure thats for Landlords insurance?

chiefgoobster

Oh flip ! ..that's got me thinking now.I've got a Bristol and West BTL mortgage and was advised that Zurich would deal with the required insurance.I will have to dig out my paperwork and have a good looky look.
It's deffo not for contents insurance as well as the tenants can and do sort that out.

Millburn_farm

My landlords insurance is with the NFU; it's a 5 yr deal, it was 1/3 cheaper yr 1 and still singnificantly cheaper than I could get a quote for last yr (yr 2) plus when we (hubby & I) have ever needed to claim they've been brill, and so have his boys

clutton_2

you need to be looking for the "£ per £1000 of rebuild value figure rate" which is used by your insurer to calculate your premium - i used Boswells for years - but Boswells have just quoted me £1.40p - per £1000 - i have just got another quote for £1.00 per £1000 - just shows what you can do when you shop around

scrummy_mummy_2

I'm just in the process of renewing on 3 properties...buildings only with employers liability all that guff (no contents)....I am a member of NLA so get a discount, and I have over 5 years of no claims. Alan Boswell quoted me over £500, my renewal premium was £353 (ish) with Hamilton Fraser (HFIS). Got a quote from Direct line for business and it was £30 or so cheaper, but no so much coverage. I was with Hamilton Fraser last year and they only put my premium up £5 for a renewal so will reinsure with them. Can't be bothered to move to Direct Line for the sake of £30.
I have prostituted myself between Alan Boswell and Hamilton Fraser for years, switching between them at each renewal.
I also ran web based insurance quotes (just type landlord's insurance into Google) but it soon became clear that I was going to struggle to beat Hamilton Fraser's renewal price.

Try Hamilton Fraser. www.hamiltonfraser.co.uk

scrummy_mummy_2

clutton wrote: »

you need to be looking for the "£ per £1000 of rebuild value figure rate" which is used by your insurer to calculate your premium - i used Boswells for years - but Boswells have just quoted me £1.40p - per £1000 - i have just got another quote for £1.00 per £1000 - just shows what you can do when you shop around

Do you know, I didn't know that!!...thank you sooooo much...have just checked my quote and you are absolutely right. I shall use this in future. Thank you!
I have just worked it out and the price Alan Boswell gave me equates to £1.63 per thousand of rebuild costs!