Provider Guide
Norwich Union |
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Cover Offered
Landlords Insurance
Office Insurance
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Norwich Union landlord insurance
Norwich union provides a comprehensive and flexible landlord insurance policy which should be suitable for the vast majority of buy to let property owners. Below details some of the covers which can be found in a Norwich Union landlord insurance policy:
The Norwich Union landlord insurance policy automatically covers property damage, the building itself (including subsidence), the contents of communal areas (up to £10,000) and money and assault. Also standard on the policy are loss of rent and alternative accommodation expenses and property owners liability insurance.
Extra optional covers include landlord’s contents, engineering cover and employers liability insurance.
An Example of a claim for which you would be covered under the landlord insurance policy is:
Your property is flooded, damaging carpets that must be replaced and making the property unfit to live in. The tenants must be put up in alternative accommodation whilst the property is repaired.
Norwich Union landlord insurance can provide cover for landlords who might just have one small flat all the way up to a landlord with several larger properties. Their product is also suitable for people who are “Buying to Let”.
What does the property damage cover me for?
The property is protected against the following perils: Fire, Lightning, Earthquake, Explosion, Aircraft, Other aerial devices, Dropped from them, Riot, Civil commotion, Strikers, Locked out workers, Persons taking part in labour disturbances, Malicious persons other than thieves, Storm or flood, Escape of water from any tank, apparatus or pipe, Falling trees or branches or radio/tv aerials, Impact by any road vehicle, train or animal, Leakage of oil from any fixed heating installation, Theft or attempted theft. There are some standard exclusions that it is important that landlords understand such as if the property is unoccupied, then some covers do not apply.
Explanation of loss of rent cover:
If something were to happen to the property which meant that your tenants could not live there then this cover will reimburse you for any rent that you are unable to collect from your tenants. This means that you have the piece of mind of receiving a steady income even in a worst case scenario and has the effect of protecting your income over the policy year.
Communal Contents Cover:
It may be impossible to completely remove your possessions from the communal areas of the property. In such cases, the communal contents cover will pay up to £10,000 to damage or loss of your items. This means that you can leave bulky but valuable items in your property knowing that you are protected against the worst of the financial loss.
Learn about:
Landlords Insurance
Office Insurance
Self Employed Business Insurance