Lexelle is a relatively young company, established in 1996 and trading as an insurance wholesaler. It is based in Sheffield and employs a professional team of staff with expertise and experience across a wide cross-section of the UK insurance industry.
As a wholesale insurance provider, until 2006 Lexelle focussed on direct business to insurers. Since that year, however, it has developed a network of brokers, featuring:
- direct business to traditional brokers of personal and commercial insurance products and services;
- an online network of brokers under the name of Lexelle Brokernet; and
- independent financial advisers (IFAs).
The company makes it its particular aim to source niche insurance products designed to meet the specific needs and requirements identified by brokers’ clients.
Lexelle maintains its position in the local community of Sheffield by participating in number of charitable and fund raising events. Perhaps it is better known, however, for its regular sponsorship of British Grand Prix and Isle of Man TT motorcycle racing and, in particular, for its financial support of star riders Alex Lowes, Taylor Mackenzie and John McGuiness.
Property ownership typically reflects a number of different uses. For example, the premises may be owned:
- as the home for an owner occupier;
- as a second or holiday home; or
- as let property – for either residential or commercial purposes.
Not only may the purpose for owning the property be different, but so, too, does the insurance cover designed to protect that property need to reflect that particular purpose.
If you own buy to let property, for instance, the cover suitable for your premises – indeed, the cover you need to suit the particular purpose of letting to tenants – is landlord insurance.
Landlord insurance is designed to protect the structure and fabric of the building as well as any contents you may own – and in this respect may appear similar to standard home insurance.
Landlord insurance, however, also extends to particular areas of risk more likely to be faced by owners of buy to let property – these are the risks that may typically threaten to disrupt or damage your business. They might be liability claims, for example, malicious damage caused by your tenants or the need to fund legal defences in the face of a claim made against you as a landlord.
Lexelle landlord insurance
Lexelle’s business focuses on niche insurance products in the main, rather than the principal underlying forms of cover – in other words, the company specialises in additional, sometimes non-standard aspects of cover that may be of interest to landlords.
Cases in point, for example, may be the company’s legal expenses cover for landlords – designed to provide support for the cost of legal action against tenants if the need arises; and emergency assistance for landlords – which provides access to a network of first-response tradesmen on call-out to carry make emergency repairs before a minor problem becomes a more serious incident.