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Buy to let insurance help
angelsmomma
Posts: 1,192 Forumite
I am about to exchange on a property this week and have been getting quotes for insurance.
I am having difficulty since I don't have a tenant immediately, however I didn't own the property so how could I be expected to have a tenant on day one of ownership?
The quotes I have had have been from £212 to £480.
Do any landlords have a recommendation on insurance companies?
Thanks for any advice
I am having difficulty since I don't have a tenant immediately, however I didn't own the property so how could I be expected to have a tenant on day one of ownership?
The quotes I have had have been from £212 to £480.
Do any landlords have a recommendation on insurance companies?
Thanks for any advice
Life is not the way it’s supposed to be. It’s the way it is. The way you cope with it is what makes the difference.
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Comments
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You aren't. But you are expected to get one ASAP.
They won't want the property empty for more than a month.
Are you trying specialist landlord insurance?0 -
poppysarah wrote: »You aren't. But you are expected to get one ASAP.
They won't want the property empty for more than a month.
Are you trying specialist landlord insurance?
Thanks for the reply.
Yes I am, I have tried several online ones and a broker
Unfortunately the agent I am planning on using is now on holiday until 30th August so that will waste 2 weeks of my month.Life is not the way it’s supposed to be. It’s the way it is. The way you cope with it is what makes the difference.0 -
ocaso will insure you for the empty property, fully comp, there is a set up fee and then monthly instalments by DD and you can cancel at any point with no penalty. You can then convert to occupied LL insurance, either through them or with another insurer
I have just insured a development of 3 properties I have up for sale and the setup fee was £40 per property and £24 per month each (on a property with £110K rebuild).
you have to go through a broker and they all charge different fees and premiums( god knows why,when it's the same insurer, apart from money grabbing).
I found ukinsurance net to be the cheapest0 -
Try alanboswell.comI'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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Thank you so much silvercar. I have just done a quote and it is the most reasonable one so far. I even added the rent guarantee and it was still around the lowest price quote for the very basic building insurance.
The website was also very simple to navigate and use.
I did try the ocaso one but ended up going round in circles, but thank you anyway chappersLife is not the way it’s supposed to be. It’s the way it is. The way you cope with it is what makes the difference.0 -
directlineforbusiness0
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directlineforbusiness
Their quotes can be reasonable but the terms and conditions are tougher - tenants have to be working or retired, so no students of non-workers. (At least that was the case when I last looked).I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
angelsmomma wrote: »I am about to exchange on a property this week and have been getting quotes for insurance.
I am having difficulty since I don't have a tenant immediately, however I didn't own the property so how could I be expected to have a tenant on day one of ownership?
The quotes I have had have been from £212 to £480.
Do any landlords have a recommendation on insurance companies?
Thanks for any advice
We use Copeland insurance, the last property we bought we had to pay a much higher premium for the first 3 months while we refurbished it, but they reduced it on a pro rata basis as soon as we let the property. They were expensive in the initial quote but we negotiated it down.
Andrew Copeland
Insurance Consultants Ltd
230/234 Portland Road,
London SE25 4SL
Tel: 020 8656 2544
Fax: 020 8655 1271
[EMAIL="info@acopeland.com"]info@acopeland.com[/EMAIL]
By the way I have absolutely no connection with the above company other than being a customer of theirs, we had a claim for a minor fire last year and they were very good at dealing with it.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
I have used them in the past and did try them this time. They couldn't find a policy with more than 60 days vacant at the front end though and the cover was only FLEA. Not sure if that matters to you or not
Sorry, can I ask, what is FLEA?
Edit. its ok I know what it is now, I googled it. I don't think it was only this I was quoted for but will double check. thanksLife is not the way it’s supposed to be. It’s the way it is. The way you cope with it is what makes the difference.0
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