Buy-To-Let Landlord Insurance.
Landlord insurance provides cover that protects property owners from financial risks associated with their rental property. It usually includes buildings and contents insurance, but can also include landlord-specific covers such as property owners’ liability, loss of rent, and rent guarantee insurance.
Elevate has extensive experience insuring Buy-To-Let Landlords.
A standard home insurance policy usually won’t cover you for risks associated with renting out your property and while landlord insurance isn’t a legal requirement, it’s often required by mortgage lenders.
As a professional landlord, you’ll need a specialist buy to let landlord insurance to be financially protected.
Buy To Let Landlord Insurance Includes.
- Buy-to-let buildings insurance – typically includes standard covers such as fire, storm, flood and escape of water. It also provides cover for loss or damage caused to the buildings specifically due to having tenants living in the rental property but not wear and tear.
- Buy-to-let contents insurance – for when the landlord’s contents are damaged by an insured peril and need replacing or repairing. This can include loss or damage to carpets, curtains, blinds and appliances belonging to the landlord while they are at the premises.
- Legal Expenses – protects the landlord against legal costs such as a tenant taking legal action due to an accident caused by a defect in the property.
- Liability cover – insures the property owner’s and occupier’s financial liability against valid third-party claims.
Policy limits and exclusions may apply.
We arrange buy-to-let insurance that can cover a range of properties.
- Detached, semi-detached, and terraced houses
- Bedsits
- Flats
- Cottages
- Student lets
- We DO NOT cover HMOs
We can insure single properties or property portfolios (excluding HMOs).
We provide cover from leading insurers.
Elevate Home Insurance FAQs.
How much does landlord insurance cost?
The cost of your policy will depend on your property and tenants, the type of insurance you choose, and the coverage levels you need.
As with all insurance, the insurer calculates your premium (the cost of your insurance) based on the likelihood you’ll make a claim and the possible cost of any claim.
How much landlord insurance do I need?
The amount of buildings insurance should be based on the rebuild value of your rental property including labour and materials.
The contents insurance amount should be based on what it would cost to replace the contents you provide in your rental property. This doesn’t include your tenants’ items, as they will need to insure these separately.
Landlords typically choose £2 million or £5 million of property owner’s liability insurance, depending on how high possible compensation claims could be.
Tenant default insurance from us can cover your rental income up to a maximum of £2,500 per month.
Legal expenses insurance comes with a cover limit of £50,000.
Premiums can be paid annually or by direct debit.
Do I need insurance if my rental property is unoccupied?
Depending on the length of time the property is empty, you may want insurance due to risks associated with empty rental properties, such as an increased risk of theft and damage to locks, doors, and windows, specialist cover can be beneficial.
A typical landlord insurance policy provides unoccupied cover for 60 days, if the property is unoccupied for longer than this you will probably need a supplementary policy.
Is buy-to-let insurance more expensive than home insurance?
Insurance for a property varies depending on the level of cover, location, previous history of losses/claims etc… such that it may be cheaper or more expensive than insurance for a residential home.
How can I find the best buy-to-let insurance?
Talk to a specialist broker like Elevate Insurance, where you can talk to an adviser who can help you understand your requirements and approach multiple different insurers for alternative quotes.
Does buy-to-let insurance include accidental damage cover?
Buy-to-let insurance can include accidental damage cover as standard or an optional extra.
What is the difference between loss of rent cover and rent guarantee insurance?
Loss of rent insurance covers a landlord not receiving rent because the rental property becomes uninhabitable due to an insured event and tenants need to move out. It may also cover costs the landlord has to pay for alternative accommodation due to an insured event if this is part of the rental agreement.
Rent guarantee insurance provided cover for when tenants stop paying rent. They may still be living in the property or have chosen to vacate the premises before their tenancy is up. There may also be cover for legal expenses in this regard.
What is unauthorised alterations cover?
Insurance cover against costs the landlord may incur in restoring the premises back to its original condition if tenants alter or change its structure without your knowledge or consent (unauthorised).
Our Commitment.
We treat all of our clients as individuals. We have time to talk, we listen and understand what you need. We are here for clients throughout the insurance process, arranging customised cover, adapting policies as things change, reviewing the market every year and supporting them with any claims. Your personal advisor is available on a direct dial.
Jowyn Wong2022-06-13Best company I’ve ever had the pleasure to arrange insurance with. Richard is so informative and knowledgeable, kept me informed every step of the way to insuring my pride and joy. Professional, personal and utterly perfect. Thank you!
Simone Chawda2021-04-16I could not recommend Elevate enough, they were super helpful in explaining policy cover / options & made the process very easy for me to choose. It was great to have a trustworthy & reliable company finding the best cover for me personally & not in the best interests of commission etc Thank you Elevate!
Will Casswell2021-04-09very helpful. thank you
James Rainbow2021-04-09I had never used an insurance broker before but getting car renewals was getting more and more time consuming. I was referred to Blain at Elevate by a friend and now wonder why I didn't do this before. Elevate are great to deal with and I now have a better level of cover than before at a lower cost with 95% of the hassle removed.
jack gibbs2021-03-21Great personal service! Working with Elevate ensured I recieved efficient and stress free landlord insurance keeping me covered across various properties.
Sean M2021-03-10Just wanted to give a big shout out to Dan White and his team at Elevate Insurance Brokers. Having just moved house and tired of the continual high rises in insurance premiums, I chose to stay local and support local. Dan made sure we had the right cover in place and didn’t leave any stone un-turned. His attention to detail in making sure the cover we needed was second to none. All in, he managed to beat my renewal cost and the top three providers, increased my cover and provided me with the peace of mind that my house and personal belongings were covered. #staylocal #investinlocal #localisbest #homeinsurance #insurance #elevate #trust #confidence #happycustomer
Tom S2020-06-15Great service as ever from Elevate! I already insure my main car with them and had to add another in rather a hurry and I didn't have the time to spend ages on the phone organising, Elevate handled it all seemlessly and had my cover updated perfectly at a reasonable price. Can't recommend them highly enough!
John Yates2020-06-10Contacted Dan and his team to discuss my business insurance requirements. Excellent advice and very thorough explanations on various aspects of the policy ensured we now have the appropriate insurance in place. Thanks Dan.
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