Archives for Landlord Insurance

Be Aware – Very Serious Consequences Of Being Underinsured

October 2022   Dear Property Owner, As a niche Property Owner’s Insurance Broker, and in advance of your upcoming renewal date(s), we are endeavouring to alert you, and all Property Owners / Landlords, to the very serious consequences of being underinsured. As you are no doubt aware, for the first time in a generation we are witnessing high levels of inflation, which as well as the effect to the cost of living also has a direct impact on the adequacy of insurance cover. This is further complicated by the continuing shortage in availability of materials & labour, both of which
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Categories: Landlord Insurance.

Landlords Be Aware – Very Serious Consequences of Being Underinsured

  As a niche Property Owner’s Insurance Broker, and in advance of your upcoming renewal date(s), we are endeavouring to alert you, and all Property Owners / Landlords, to the very serious consequences of being underinsured. As you are no doubt aware, for the first time in a generation we are witnessing high levels of inflation, which as well as the effect to the cost of living also has a direct impact on the adequacy of insurance cover. This is further complicated by the continuing shortage in availability of materials & labour, both of which are having an adverse effect
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Categories: Landlord Insurance and Uncategorized.

Essential Information – McLarens’ Guidance On Reinstatement Valuations

Please find below article by McLarens Loss Adjusters which may be of use. We believe this to be an essential read. Click HERE for McLarens’ Guidance On Reinstatement Valuations. As a property owner it is crucial to ensure that your asset – including any Landlord Contents and the rental income – is adequately insured. The protection afforded will provide peace of mind and security to your asset and, in the event of a claim, the damage will be repaired and your rental income protected. It will likely be a requirement of any financial institution involved in providing a mortgage or
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Categories: Landlord Insurance.

Storm Damage in Rental Properties – A Landlord’s perspective

  Storm damage is unexpected and in Ireland it is something that is frequently experienced and when the weather takes a turn for the worst, storms can cause havoc. If you experience storm damage in your rented residential or commercial premises you will often be required to carry out emergency storm damage repairs, in order to prevent further damage to the property. In fact your insurance policy claims conditions will insist that you mitigate any further loss. Storm damage is generally structural damage caused by gale force winds which can result in flooding and rain water accessing the property. Unfortunately,
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Categories: Landlord Insurance, Property Management, and Uncategorized.

Social / County Council / Local Authority Housing Insurance

Social Housing is a fast growing facet of the Irish Property sector, provided not only by the state, but also private landlords / property owners, institutional investors and housing bodies / associations provide much needed accommodation to those on housing waiting lists in our country. It is often a challenge to find comprehensive All Risks insurance cover for such privately / institutionally owned properties because it requires expert knowledge of landlord insurance and the needs of local authorities / county councils. Our team has 40 years’ experience in property owners’ insurance and are ready to talk to you now in
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Categories: Landlord Insurance and Uncategorized.

Flood Prevention – Tips from an Insurance Perspective

  Flooding is the most common natural disaster so firstly you need to ensure that your property insurance policy covers Flood risks. If your property is located in a flood risk area it is highly likely that your current policy will exclude flood and you will find the cover is not available to you on the insurance market in general. So what do you do – The key to reducing flood damage is to take precautions, which in many cases you can accomplish in a few hours to a few days. Check outside Drains Check to ensure that outside drains
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Categories: Landlord Insurance and Property Management.

Build To Rent Schemes – The Insurance Solution

  Build to Rent (BTR) Schemes have become an emerging sector in the Irish residential property market. Essentially they are purpose-built residential apartment block developments with associated amenities, examples of which are; Concierge, often with facilities Laundry Collection/Delivery Service Lounge area to include communal gatherings areas, relaxing areas and also private bookings for residents Gymnasium for residentsuse/Kids Playground Break-out Areas to include remote working/meeting pods/homework pods etc.   These Build to Rent properties are owned, managed and serviced by an institutional landlord / investor with some of the main functions out sourced to local managing agents, letting agents and maintenance
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Categories: Landlord Insurance and Uncategorized.