Landlord Insurance

Get The Most From Your Rental / Investment Property Insurance Policy – 10 Tips!

  If your entire property is / has been unoccupied for whatever reason for over 30 days make sure you notify your insurer / broker now. If your property is undergoing renovation / structural alteration other than routine casual maintenance & repairs, notify your insurer/ broker now with details. If the tenancy of your property has changed from that which is noted on your policy document / renewal notice, make changes to your policy now! It is your duty to notify them! If you have not notified your insurer of any non-standard flat roof section to your property, do so
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Categories: Landlord Insurance and Uncategorized.

Property Owners’ Insurance – Reinstatement Valuations – How do I calculate the re-build costs?

    Buildings are an asset and like any asset should be adequately protected. A property reinstatement valuation assesses the cost of reinstating the property to its original condition in the event of total destruction. It is extremely important to note that the market value of the property and the reinstatement valuation of the property are in no way linked. The reinstatement valuation should typically include the following:     The reinstatement valuation should be carried out by a chartered quantity surveyor who has experience in the type of building sector that the reinstatement valuation is being calculated on. The
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Categories: Landlord Insurance and Uncategorized.

Advice and Tips On Arranging Proper Landlord Insurance

It is vitally important to arrange the right insurance cover for your investment property as the insurance risks associated with letting residential investment properties can be very high and are completely different to that of owner occupied risks. Some landlords are arranging a normal household ‘landlord’ policy which is far from adequate. An investment property requires specific investment / buy to let All Risks insurance. At all times make sure that the insurance company in question knows that the property is rented to tenants. When requesting a quotation for your property, the following covers need to be included: Buildings Cover
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Categories: Landlord Insurance.

House in Flats Insurance – Landlords & Property Owners

Going back as far as the 1960’s and beyond, large residential properties had been converted by investors or traditional Landlords into ‘flats’ or ‘bedsits’ across Ireland’s cities and towns. Many of these properties which had already been in multiple residential units (tenement or other) prior to the passing of the Local Government (Planning and Development) Act 1963, were exempted from having to comply with these new planning regulations, hence the term now used, ‘pre-63’ buildings. Successive ‘Housing Standards’ regulations have been passed and subsequently implemented in the main across the country, thereafter being policed by local authorities and city councils
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Categories: First Time Landlord and Landlord Insurance.

Commercial Property Insurance – What Cover Do I Need?

Are you a Landlord of a Commercially Let property? Commercial property insurance helps businesses pay for repair or replace property that was damaged by a fire, storm, or other event covered by the policy. It also pays to replace stolen or lost property. You can buy a single policy to cover a business with more than one location, unless the locations have different functions and risk profiles. For instance, you might have an administrative office at one location and a factory at another. If your business has operations at multiple locations, you may need separate policies. If you rent or
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Categories: Landlord Insurance.

5 Ways to Protect your Vacant Property during the Winter Weather ahead

  Leaving a property vacant over the winter period can often cause stress or anxiety. We can help by sharing these five essential steps for safeguarding your property: Gully’s & Gutters – Check them for damage, leaks, fallen leaves and that they are clear of all blockages and/or vegetation that could affect its strength. Clean the gutters and check these are directed away from the house to ensure rain and snow can drain away freely. If there are any gutters currently hanging or dislodged, get them re-attached asap. Pipes – Ensure all mains services are disconnected and all water pipes
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Categories: Landlord Insurance.