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Landlords Insurance - any suggestions

wisemen
wisemen Posts: 467 Forumite
in House buying, renting & selling
Hi,

We have a property that we've rented out last year. The property itself is mortgaged as well and we use the rent to pay the mortgage off. Last year we took out landlords insurance with CIA, however, I have been reading some reviews and they seem to have pretty bad feedback. Comparison sites like Moneysupermarket, confused, etc only offer a handful of comparisons - and by that I mean the search just presented me with two results and the quotes were about 300% more than I am currently paying CIA. CIA insurance is cheap, but its no use if the service is no good. When is comes to insurance, especially landlord's insurance, I dont mind paying a little extra for that peace of mind. (tenants are a nice family with two young ones - albeit on benefits and touch wood we have had no issues over the past year)

Please MSE "landlords", help me find a good insurer.

Comments

  • silvercar
    silvercar Posts: 49,126 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    I use alanboswell.com.
    I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, 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.
  • wisemen
    wisemen Posts: 467 Forumite
    silvercar wrote: »
    I use alanboswell.com.
    how long have u been using it? any issues or complaints u have heard of when people claim?

    Any other suggestions?
  • jamie11
    jamie11 Posts: 4,436 Forumite
    https://www.simplelandlordsinsurance.co.uk

    I do not work for them, but I do use them.
  • Laurence_WMF
    Laurence_WMF Posts: 146 Forumite
    http://www.propertyquotedirect.co.uk/

    This site was recommended to me here. They have produced some cheap quotes. Haven't taken out insurance yet so can't comment further.

    As someone about to own a property to rent I am finding problems with insurance policies concerning periods without occupation. The insurers generally seem to like very frequent inspections; once a week or once a fortnight (difficult if you live far away). Anyone know of a policy where this isn't insisted upon, or only once a month or so?

    Thanks,
    Laurence
  • silvercar
    silvercar Posts: 49,126 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    wisemen wrote: »
    how long have u been using it? any issues or complaints u have heard of when people claim?

    Any other suggestions?

    7 years.

    I had a potential claim once and their claim handling was excellent. Along the process the claim disappeared, so I can't comment on the final result.
    I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, 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.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 26 October 2013 at 5:42PM
    Laurence_WMF wrote: »
    .... The insurers generally seem to like very frequent inspections; once a week or once a fortnight (difficult if you live far away).
    Good god! Never mind how far away you live, it Won't be long before the tenants put a stop to that!

    This thread will put that into context.

    Try RK shipman.
  • Laurence_WMF
    Laurence_WMF Posts: 146 Forumite
    G_M wrote: »
    Good god! Never mind how far away you live, it Won't be long before the tenants put a stop to that!

    This thread will put that into context.

    Sorry, should have clarified: applies when property is unoccupied.

    Laurence
  • wisemen
    wisemen Posts: 467 Forumite
    thanks for all the replies. What do people think about http://www.directlineforbusiness.co.uk/landlord-insurance

    they have won the best landlord insurer award for 2013
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