Landlord Building Insurance
- Date: 2008-10-10 - Word Count: 418
Share This!
Landlord building insurance covers any serious events such as a fire or flood that could permanently damage the property. The price of the insurance is normally calculated to take into account the complete re-building of the property.
Landlord Building Insurance policy works just like the building and contents insurance; you can purchase it for your own home. When we say, building insurance, it is insured against all building structures and all other structures on the property like a garage, shed and others. In addition to this, baths, fixtures, sinks, and other installations are found within the property. It offers enough liability cover for the property that is let out. This type of insurance protects a building owner in case of accident that can hit the building which will guarantee him of financial security for such incidents.
The policy is similar to the Building & Contents insurance you would purchase for your own home, the perils covered are almost identical but the policy is extended to give the correct liability cover for the property that is let out. You can check with your insurance provider for details that they would cover. In case your building gets destroyed in fire, a burned down building will definitely take a long time to rebuild and you loose out on your income from tenants, as there's no rent paid out. This is precisely why you need to get your building protected as you can't bear the expense of rebuilding your structure in case of any mishap. Reach out to your landlord building insurance provider to avert any such eventualities. In order to get the best protection available, there are some eventualities covered by building insurance listed out online. If your insurance provider misses out on giving this, you can ask him to add them as per your requirements.
Additional Extra coverage for Landlords
Landlord Liability: If your tenant succumbs to any injury in your property and they make a claim for any injury they have suffered you may be liable to pay the costs. With Landlord liability Insurance you will be covered for claims made by your tenants against you.
Employers Liability Cover - If you employ any one in your property, you need to be covered under employer's liability cover. If any of your employees are injured or falls ill while at work, they can make a claim against you if they face a financial loss.
Content Insurance: Such insurance covers the contents or items of your property such as furniture, carpets, exclusive paintings.
Landlord Building Insurance policy works just like the building and contents insurance; you can purchase it for your own home. When we say, building insurance, it is insured against all building structures and all other structures on the property like a garage, shed and others. In addition to this, baths, fixtures, sinks, and other installations are found within the property. It offers enough liability cover for the property that is let out. This type of insurance protects a building owner in case of accident that can hit the building which will guarantee him of financial security for such incidents.
The policy is similar to the Building & Contents insurance you would purchase for your own home, the perils covered are almost identical but the policy is extended to give the correct liability cover for the property that is let out. You can check with your insurance provider for details that they would cover. In case your building gets destroyed in fire, a burned down building will definitely take a long time to rebuild and you loose out on your income from tenants, as there's no rent paid out. This is precisely why you need to get your building protected as you can't bear the expense of rebuilding your structure in case of any mishap. Reach out to your landlord building insurance provider to avert any such eventualities. In order to get the best protection available, there are some eventualities covered by building insurance listed out online. If your insurance provider misses out on giving this, you can ask him to add them as per your requirements.
Additional Extra coverage for Landlords
Landlord Liability: If your tenant succumbs to any injury in your property and they make a claim for any injury they have suffered you may be liable to pay the costs. With Landlord liability Insurance you will be covered for claims made by your tenants against you.
Employers Liability Cover - If you employ any one in your property, you need to be covered under employer's liability cover. If any of your employees are injured or falls ill while at work, they can make a claim against you if they face a financial loss.
Content Insurance: Such insurance covers the contents or items of your property such as furniture, carpets, exclusive paintings.
Related Tags: hips, epc, home information pack, energy performance certificate, energy performance certificate cost, epc certificates, energy performance certificate uk, hips pack, home information pack regulations, home information pack news, home information packs uk
Platinum author, Get all your tips related to Indian industry guide from: Landlords Building Insurance
Get all your tips related to Indian industry guide from: EPC Certificates
Recent articles in this category:
- The Worldwide Credit Crisis
Recently in the UK Lloyds TSB has merged with the HBOS group which includes the old Halifax b - Citigroup
Daily Market Commentary for November 24, 2008 from Millennium-Traders.ComA very important question - World Leaders
Daily Market Commentary for November 14, 2008 from Millennium-Traders.ComDuring the upcoming weeken - The New Face of Indian Banks
The assassination of former Prime Minister Mr. Rajiv Gandhi seized the entire country into a grievo - Daycare Center Loans - Current Conditions
With major national daycare center lenders like UPS and CIT now out until further notice, many chil - The Best and Newest Features of Internet (online) Banking
Do you still queue up in the bank to pay your credit card bills or patiently wait for your bank sta - Bristol County Savings Bank Names Roger A. Cabral a Vice President of Commercial Banking
DATELINE: TAUNTON, MA... Bristol County Savings Bank recently announced the appointment of Roger - Commercial Loan Business - Commercial Bankers Perspective
We get a lot of questions regarding the commercial loan business. Many are from our peers that wa - Finally a Much Relief for the Entrepreneurs After a Long Wait
If we have a close look at the financial sector comprising of Banking services in India, we would b - Ben Bernanke
Daily Market Commentary for October 15, 2008 from Millennium-Traders.ComFederal Reserve Chairman Be
Most viewed articles in this category:
- That Was Then This is Now: E-Commerce And Online Banking
It's hard to believe that not all that long ago - in the distant past - there was no such thing as - Bank Basics: A Short History of Financial Institutions
For centuries, banks have influenced the economies and politics of the world. Traditionally, banks - What Pisses Me Off About the Financial Meltdown of Lehman Brothers, Aig, Washington Mutual and Other Collapsing Businesses
Lehman Brothers went bankrupt, AIG is being bailed out by the Federal Government, the Fed is lookin - Bank Basics: Understanding the Various Types of Banks
Banking has changed in many ways through the centuries. The oldest forms of banking were often simp - Benefits and Disadvantages of Internet Banking
If you fit in to the generation that is habitual of sitting in front of computers and doing all yo - Are Your Finances Prepared to Weather an Unexpected Storm?
Hurricane Katrina taught some important lessons three years ago. Most importantly, preparedness whe - Basics Of Home And Commercial Mortgage
A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mor - Finance
Finance :The main techniques and sectors of the financial industry: An entity whose income exceeds - Types Of Loans And The Factors Which Effect Them
A loan is a type of debt. This article focuses exclusively on monetary loans, although, in practice - Economic Crisis
Daily Market Commentary for September 24, 2008 from Millennium-Traders.ComEconomic stability of the