Landlord's Insurance prices

[Deleted User]

Upon looking at renewing my landlord's buildings insurance I started wondering whether there were better prices out there.... currently its around £300 for £190,000 worth of cover however the excess is £250 and now (for some reason) wont include loss of rent cover which is the main problem.

A quick search shows the best prices I can find at around £300-350 however most of these are based on no previous claims, however I have had one claim of nearly £2000 recently. (most sites wont quote if youve had a previous claim, instead asking you to phone)

Other than phoning 100 companies, which companies do most people here use? Are there in particular specialist companies that are generally better than the big ones?

McKneff

As far as i know the landlord pays for building insurance and the tenants pay for the contents insurance. Have you checked your tenancy agreement?

[Deleted User]

Im looking for landlord building insurance, not for contents. Im currently under a block policy organised by factors however am looking to get out of it as theres now no rent cover for some reason. The tenants can arrange contents themselves if they need it.

scrummy_mummy_2

Hamilton Fraser. www.hfis.co.uk quoted me about £1.00 per thousand pounds worth of cover...that means your premium might be in the order of £190, but they'll probably quote more because of your claim history (possibly, don't actually know!).
Also, it pays to be a member of a landlords' organisation because you get discounts for membership from insurers.
Try www.landlords.org.uk
Also try Alan Boswell. They recently quoted me about £1.60 per thousand (no claims and landlord association member rate)
http://www.alanboswell.com/landlords_insurance/index.aspx

also, direct line for business.
http://www.directlineforbusiness.co.uk/residentialproperty/welcome.htm

[Deleted User]

Thanks. Very useful. Will try them on monday. Out of interest, do landlord rates usually not include rent cover such as the one im currently going to leave? I would have thought it was a definate must for landlords. Towergate inidentally quoted me £400:eek:

McKneff

my apologies, i hav just come back on here, i didnt realise you were the landlord.

tbs624

Many LLs manage fine without rent guarantee insurance

Agree with Scrummymummy - Alan Boswell,also Endsleigh and see here

[Deleted User]

Ive had 2 leaks withina year, so am interested in the rent protection! Thanks for answers though.

tbs624

Sorry - had misunderstood that you were looking for cover in case damage to property meant no rent coming in
[quote=[Deleted User];discussion/1168153]. currently its around £300 for £190,000 worth of cover however the excess is £250 and now (for some reason) wont include loss of rent cover which is the main problem.
[/quote] ..presumably the "some reason" is this...
[quote=[Deleted User];14323047]Ive had 2 leaks withina year, so am interested in the rent protection! ....[/quote] Having those sort of claims more than once *will* increase your premium or result in a refusal to cover whoever you go with AFIAA.