Archives for Landlord Insurance

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.

Is Your Property Adequately Insured?

  In association with SA Faughnan (Brokers) Ltd. and their continuing advice and tips for IPOA members on Property Insurance related topics.     The following article has been provided by Build Cost Chartered Quantity Surveyors.  Click HERE.       A property reinstatement cost assessment calculates the anticipated cost of reinstating the property to its original specification in the event of total destruction. It is vitally important to note that the market value of the property and the reinstatement costs of the property are in no way linked. The reinstatement costs assessment should typically include the following: The reinstatement
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Categories: Landlord Insurance and Uncategorized.

Covid-19 Insurer Update

Covid-19 Insurer Update for XL Insurance Company SE (AxaXL) – Property Owners (IPOA Scheme) – Policyholders with policy number prefix – BS0432-POI-xxxx ‘via S.A. Faughnan (Brokers) Ltd.’   Businesses and Property Owners are now facing unprecedented challenges posed by measures to counter Coronavirus (Covid-19) as many premises are temporarily closed due to public health quarantines. It is our intention for situations where insured buildings are temporarily closed solely due to the Covid-19 outbreak, that any Unoccupied Building Conditions in your AxaXL policy(ies) will not apply and no additional premium or amended terms will apply until 31st May 2020. If Covid-19
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Categories: Landlord Insurance and Uncategorized.