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    • londona
    • By londona 9th Apr 18, 1:53 PM
    • 2Posts
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    londona
    Advice on landlord insurance please
    • #1
    • 9th Apr 18, 1:53 PM
    Advice on landlord insurance please 9th Apr 18 at 1:53 PM
    Hi, This is my first post. We have a one-bedroom flat bought as an investment. The tenant was in situ when we bought the place and we took over managing the arrangement ourselves. The flat is leasehold with building insurance covered by the service charge. I want to arrange insurance for damage (in case of fire or flood for instance, no worries at all with tenant) and also liability in case of the tenant having any kind of accident on the premises. Is this normal practice for leasehold rented flats? Advice appreciated.
Page 1
    • G_M
    • By G_M 9th Apr 18, 8:00 PM
    • 44,114 Posts
    • 52,303 Thanks
    G_M
    • #2
    • 9th Apr 18, 8:00 PM
    • #2
    • 9th Apr 18, 8:00 PM
    Fire or flood will be covered by the buildings policy.

    However, read the policy to ensure itt is nott invalidated by havving tenaants. I assume the lease permits tenants so you should be OK, but.....

    Contents cover may be useful if the property is furnished. Even if you just have carpets, curtains and white goods, a limited landlord's contents policy mght be wise, and this might well also cover accident liability - again, shop around and read the policy before buying.

    You can also get rent guarantee insurance, though many LLs don't bother. If you do, make sure you comply with requirents eg vetting tenants as per the policy etc
    • londona
    • By londona 9th Apr 18, 9:51 PM
    • 2 Posts
    • 0 Thanks
    londona
    • #3
    • 9th Apr 18, 9:51 PM
    • #3
    • 9th Apr 18, 9:51 PM
    Thanks G_M. The lease definitely permits tenants. I wasn't aware that building insurance covers fire or flood inside the flat - that's useful to know. I will look into accident liability/contents insurance.
    • G_M
    • By G_M 10th Apr 18, 12:08 AM
    • 44,114 Posts
    • 52,303 Thanks
    G_M
    • #4
    • 10th Apr 18, 12:08 AM
    • #4
    • 10th Apr 18, 12:08 AM
    Thanks G_M. The lease definitely permits tenants. I wasn't aware that building insurance covers fire or flood inside the flat - that's useful to know. I will look into accident liability/contents insurance.
    Originally posted by londona
    well you're not likely to need to claim for a fire that occurs outside.....
    • theartfullodger
    • By theartfullodger 10th Apr 18, 9:59 PM
    • 9,535 Posts
    • 12,799 Thanks
    theartfullodger
    • #5
    • 10th Apr 18, 9:59 PM
    • #5
    • 10th Apr 18, 9:59 PM
    Thanks G_M. The lease definitely permits tenants. I wasn't aware that building insurance covers fire or flood inside the flat - that's useful to know. I will look into accident liability/contents insurance.
    Originally posted by londona
    Check INSURANCE POLICY also that it doesn't exclude tenants.
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