What Does Residential Landlord Insurance Cover?
Landlord Insurance through IC Insurance Solutions offers coverage in:
Our property owner’s insurance package will cover the cost of rebuilding your property if it gets damaged or destroyed.
It is worth noting that buildings insurance is compulsory if you want to buy residential property with a mortgage.
Property Owners Liability
Property owners’ liability provides cover in case anyone is injured following an accident on or linked to your rented premises. The property owner’s liability enables you to meet any costs and compensation awarded to the injured party.
Landlord Legal Protection
Landlord legal protection covers all the legal costs (up to £50,000) associated with your rental property, including legal action and court proceedings.
You may need to take court action in order to pursue unpaid rent, recover compensation for damage caused by your tenants or evacuate your property.
Residential landlord insurance with IC Insurance Solutions will give you complete peace of mind as it also covers contents insurance for expensive household items in your rental property. The covered items include furniture, soft furnishing, and appliances.
Rental Guarantee Insurance
If your tenants face difficulty in paying rent and you depend on your rental income to pay a mortgage or other outgoing expenses, rent guarantee insurance is perfect for you.
Rental guarantee insurance will cover the cost of missed rental income when the tenant defaults on payments.
A cover that offers protection against incidents such as burst pipes, roof damage, and boiler breakdown.
Protect Your Property Against:
UK businesses lose millions of pounds every year as a result of unexpected fires. Our landlord insurance package will give you protection by covering the damage caused by fires.
Residential landlord insurance package offers complete financial security against unforeseen natural events such as lightning.
Floods and Storms
Every year, thousands of properties in the UK are affected by floods and storms. A report by the Environmental Agency estimated that the damage caused by the winter floods of 2015-2016 was between £1.3 billion and £1.9 billion
IC Insurance Solutions provides you with a complete cover against floods, storms, and unpredictable climate conditions.
Escape of Water
Association of British Insurers (ABI) has observed a significant increase in claims related to damages occurring due to bursting pipes and other plumbing-related problems.
Escape of water insurance provides coverage against plumbing issues, leaking appliances, and bursting pipes.
Earthquakes and Subsidence
Earthquake, subsidence and all kinds of natural disasters can have a devastating impact on your rental property.
Our residential landlord insurance will insure the risk by providing reimbursement against all such events.
Residential landlord insurance extends comprehensive coverage against varied threats that can put your property at risk.
With IC Insurance Solutions, you are covered against unforeseen eventualities such as explosions.
Our domestic property insurance package also compensates for damage caused by aircraft or aerial impact.
Riots and Strikes
Civil unrest, strikes, and riots are a standard threat for property owners. Vandalism and civil disruptions can have devastating impacts on residential properties.
That is why our residential landlord insurance packages include cover for events such as riots and strikes.
Accidental damages caused by you or your tenants are also covered under our landlord insurance policy.
Malicious Damage and Theft
Malicious damage and theft insurance protects your property by offering a complete cover against theft, events of vandalism or malicious damage.
Impact damage is another concern you will not have to worry about once you obtain property insurance through IC Insurance Solutions.
You will get compensated for your loss in case your rental property is affected or destroyed by impact damage.
With our acts of terrorism policy, you can expect coverage against any acts of terrorism that devastate your property.