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Ocaso Landlords Insurance
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Save up to 30% on your renewal premium
Many tenant types acceptable
Greatest buy to let deals available
Up to 20K free contents cover available
25% multi building discount available
Up to 13 weeks cover for vacant properties
Ocaso landlords insurance
Starting out life in its native Spain in 1925, the Ocaso group of insurance companies has gained a reputation and standing which is likely to lend substantial confidence in the reliability of its insurance policies for all types of buy to let property.
What is specialist landlord’s insurance cover?
Landlords insurance has been developed in order to reflect and protect the financial stake which owners of let property have invested in their business.
Reference to that business interest is important since it distinguishes probably the most significant difference between the landlord and, say, the owner occupier of his or her home.
The critical feature of buy to let insurance, therefore, is that it is designed to safeguard not only the investment in the landlord’s buildings and their contents but also to protect the smooth running of the business and the alleviation of disruption to that business.
We offer a free, no-obligation quote and buy service which may help you to decide whether landlord’s insurance from Ocaso represents the cover for you and your buy to let business.
What does it cover?
It may be different from and serve a quite different purpose to standard home insurance for the owner occupier, but landlord’s insurance nevertheless shares at its heart a concern to protect the structure and fabric of the building involved and the contents of its owner.
In terms of that building and contents cover, the principal risks and perils covered are likely to include such events as fire, flooding, escape of water, impacts from falling objects or by vehicles, and vandalism. Just as with home insurance, the total sum insured anticipates a worst case scenario, following which the building needs to be completely reconstructed.
A landlord may also face allegations of a breach of his or her duty of care as the property owner and need to counter claims in compensation from tenants, their visitors or members of the public. Landlord’s insurance therefore, typically includes indemnity against such potentially very expensive claims.
In recognition of the needs of the buy to let business to maintain the continuity of rental income, such cover may also include compensation for lost rental income following a major insured event or the provision of alternative accommodation.
Why choose your landlord insurance policy from Osaco?
In its cover for both buildings and their contents against the major – potentially disastrous – major risks and perils, buy to let insurance from Osaco also includes protection against subsidence, a risk that is by no means covered by all such insurers.
Property owner’s liability indemnity of up to £2 million is typically also included as standard – and this compares favourably with similar policies that may offer such cover of up to a maximum of only £1 million.
Compensation for loss of rental income in the event of a major insured incident is typically provided up to a maximum of 20% of the total buildings sum insured.