Landlords' property insurance

islandannie

Clare11 wrote:

Hello Annie
I live in the Northern Ireland and the house we rent out is only a short distance from our main residence.
Do ring Saga.....they may well be able to help you.
Kind regards
Clare

Many thanks clare will do that tomorrow.

Best Wishes Annie.

bud-miser

Ok, for everyone's info:

Rang Saga today.

1. The operative was totally fazed by a request for a Landlord's insurance quotation. Kept asking the questions relevant to owner-occupied property and then apologising. The impression came across that they hardy ever deal with it.

2. The quotation (eventually) came through at £40 above the lowest I have and £25 above the average.

3. The cover does not include accidental damage. i.e. tenant hammers a nail through a gas pipe. Bang. Property destroyed. No cover.

I don't think I'll be going with them and frankly, if only because of point 3, I'd advise others to steer well clear similarly.

losgiganteskid

bud-miser wrote:

Ok, for everyone's info:

Rang Saga today.

1. The operative was totally fazed by a request for a Landlord's insurance quotation. Kept asking the questions relevant to owner-occupied property and then apologising. The impression came across that they hardy ever deal with it.

2. The quotation (eventually) came through at £40 above the lowest I have and £25 above the average.

3. The cover does not include accidental damage. i.e. tenant hammers a nail through a gas pipe. Bang. Property destroyed. No cover.

I don't think I'll be going with them and frankly, if only because of point 3, I'd advise others to steer well clear similarly.

SAGA - arn't they just !! :rolleyes: not a clue

Anyway bud miser, try Halifax, we have 3 properties with them and they were dirt cheap. Having said that one of the policies expires shortly and we have just received the renewal notice, one big increase since last year, perhaps they quote competitively for new business and hammer their existing customers, anyway, we phoned to get another quote (new business) and the premium was over 75 % cheaper than the renewal figure they quoted, so it's a new policy for me with halifax this year, and for new bus they include Household legal Expenses cover foc :T

bud-miser

Yes, Halifax is definitely in with a shout. I'll keep hunting for a few more days and then see what the choice is.

islandannie

Clare11 wrote:

If you are 50 and over you should try https://www.saga.co.uk.

We rent a house out and decided to only insure the building rather than the contents. Apparently you can choose contents cover up to £50,000

I think Saga only started this type or insurance (for rented out property) as from last year.
Anyway we have the building insured for the ANNUAL premium of £82 (excess £100 and £1000 for subsidence damage)) and with a rebuild value of £500,000.

We did not choose the "accidental damage" option either.
And malicious damage caused by a tenant is not covered.

Worth a phone call on 0800 015 4752


I hope this helps someone

Well I phoned SAGA and they wouldn`t quote me at all for rental property.

I would check the T&C of your policy to be absolutely sure you are covered.

Clare11

Hello Annie
You had me very worried and I rang Sage immediately.
They must have been mistaken
. Actually the same thing happened to me last year when I first rang them.....they said they didnt insure property that we rented out. Well...my husband was very angry and told me to ring them back to cancel the house insurance of our MAIN residence which they held!
So..I did as he instructed but got a different person and explained the reason I was cancelling. The gentleman said Saga do insure property rented out to others and with the owners not living there, and apologised. Infact he took £20 off the premium for the inconvenice. I told him I wished people would "inconvenice" me more often saving £20!!
So this evening I rang them back and they assured me that the rented property IS insured as before.
I told her of your experiences and she insists that you ring them back to discuss the matter!
Kind regards
Clare

islandannie

Thanks Clare I`ll give them another ring tomorrow.

Janey51

We insured a house rented to students through a broker called Leaseguard. Last year we were with NIG and this year another firm whose name escapes me:o
Found Leaseguard online and they were very helpful. (No connection with them by the way)

islandannie

ali007 wrote:

I did one a few months ago with Barclays - to my amazement they were almost as cheap as the renewal from my other company, but as done through quidco should be getting £55 back (although have had to query as hasn't been tracked:mad: ).

The other companies I use are: Folgate Insurance taken out with Swintons 01502 562036 (quote via a website, sorry, can't remember which one) and household insurance services arranged via www.landlords-insurance.com. I had to make a claim with the latter & they were great.

Thanks ali,

HIS has given the Best quote by far with the best cover from all angles.

Very greatful for your input.

Annie

manic

I'm new to this & I am looking for a landlord's policy for a 2 bedroom leasehold flat that covers the following:

1) Public liability
2) Malicious damage by tenant
3) Rental loss if rent suspended due to property damage.

I've been quoted £187 for £20000 sum insured, £2,000,000 public liability, but it doesn't include 2) or 3).

Isn't the whole point of the insurance to cover 1) & 2) at least?