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Towergate 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
Towergate landlords insurance
Towergate is a leading insurance intermediary with a commitment to ensuring that the cover you buy – including insurance for your buy to let business – is the insurance suitable for your particular, individual needs and circumstances.
Why is landlord’s insurance described as specialist cover?
In an insurer’s eyes, there is the world of difference between the risks and perils facing a property that is more or less permanently occupied by its owner and one that is accommodation let to tenants.
The particular risks of a let property and those to the business being run by the owner of that property are specialist in nature and specialist insurance is therefore required – in order to provide protection not just for the structure and fabric of the building but also for the undisrupted operation of the landlord’s business.
This is the nature of the specialist insurance provided by Towergate and you might want to investigate further by visiting our no-obligation quote and buy facility.
What does this specialist insurance cover?
Specialist insurance is just that of course – insurance that may be tailored to any individual landlord’s individual needs and circumstances.
Nevertheless, it typically includes a number of core, common elements, such as:
- cover for the building and its contents (namely those contents owned by the landlord, against such major incidents as flooding, fire, escape of water, impacts from falling objects or by vehicles, storm damage and vandalism – because any such incident might result in the total loss of the building it is common to insure for an amount covering the costs of completely reconstructing the building;
- landlord’s indemnity against claims by tenants, their visitors or members of the public who have suffered personal injury or damage to their property and allege some breach of the property owner’s duty of care – since claims such as these may amount to very considerable sums, landlord insurance typically reflects that fact;
- loss of rental income in the event of an insured incident rendering the property temporarily uninhabitable – compensation is typically limited to a given total sum or to a percentage of the total building sum insured; and
- for those landlords employing anyone else to help run the buy to let business, the employer’s liability cover required by law (that is to say a minimum of £5 million).
Why choose a Towergate landlord insurance policy?
Towergate landlord insurance policies typically may:
- extend cover whilst the property is occupied by any type of appropriately vetted tenant, such as professionals, students or benefits claimants – and no additional premium is payable with respect to any group of tenants, as may be the case with certain other policies;
- tenants may be selected by you personally or through a letting agent – although any tenant needs to be appropriately vetted and approved by you the landlord
- alternative accommodation in the event of a major insured incident; and
- cover for periods that the property remains vacant when one tenancy ends and there is a delay until new tenants are found – provided that Towergate is advised of these circumstances.
It might be noted, however, that rather than their being included as standard features, compensation for lost rental income (in the event of an insured incident) and cover for accidental damage caused by tenants are both optional elements.