Property owner’s
insurance
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A new way to insure as a property owner
Property owners insurance is a dedicated insurance policy designed for landlords renting out their properties. Unlike standard home insurance, which covers owner-occupied homes, it addresses the unique risks faced by landlords.
In partnership with some of the leading UK insurers, we’ll not only get you a better property owners liability insurance deal with the best cover available, we work hard to keep you as a customer year after year.
We compare the market for the best deal so you don’t have to.
24/7 claims service
We’re here for you round the clock when you need us most.
Fairer prices for all
We only provide cover for responsible property owners, so you’ll get a better deal.
World-class support
You’ll get your own UK-based human to look after you for the duration of your policy.
We use a combination of technology and a wealth of experience to give you unrivalled cover and more affordable property owners insurance prices.
With over 50 years of experience providing top-quality insurance for property owners, you can be sure we’ve got you covered.
What does property owners insurance cover?
Damage to your property
Protects against damage caused by events like fire, storms, or vandalism. It may also cover accidental damage caused by tenants.
Uninhabitable property
If an insured event renders your property uninhabitable, this can compensate for lost rent, ensuring steady cash flow.
If your things get stolen
When your property is furnished, this insurance can cover damage or theft of your furniture and appliances.
Legal expenses
Some policies cover legal costs, including eviction processes
or recovering overdue rent.
If a visitor is injured
If a tenant or visitor is injured on your property and you’re found responsible, it can cover legal fees and compensation payments.
* Subject to your chosen level of policy cover and the prevailing policy excess.
What is property owners insurance?
It safeguards against financial losses like property damage, loss of rental income, and liability for injuries occurring on the property.
Investing in property can be lucrative, but it also carries risks that standard home insurance may not address. Here’s why property owners insurance is essential:
- Emergency cover: Provides support for urgent issues like a boiler breakdown.
- Building insurance: Protects your property’s structure from risks like fire or flooding.
- Property owners’ liability insurance: Covers claims if a tenant or visitor is injured on your property and you’re held responsible.
- Rent guarantee insurance: Reimburses lost rent if tenants fail to pay or the property becomes uninhabitable.
- Contents insurance: Covers items like furniture and appliances provided to tenants.
- Accidental damage cover: Protects against unintentional damage caused by tenants.
When selecting a policy, start by evaluating your requirements. Decide on the coverage you need, such as building insurance, contents cover, or rent protection. Also, weigh the benefits of optional extras like legal expenses or accidental damage cover to determine what’s best for your situation.
How much does property owners insurance cost?
The cost of property owners insurance can vary significantly based on several key factors. Here’s what typically influences the premium:
Level of cover
The type of cover you select will impact the price. A basic policy might only include building insurance, while a more extensive one may cover contents and loss of rent.
Value of the property
The property’s value and its rebuilding cost play a role in determining the premium. Higher-value properties typically have higher premiums due to the increased financial risk.
Property location
The type of area your property is in affects the cost. Properties in low-crime areas generally have lower premiums, whereas those in high-crime or flood-prone areas may be more.
Property security
Properties with enhanced security features like alarms, CCTV, and robust locks can help reduce premiums, as they lower the likelihood of criminal activity.
Tenant type
Insurers often view students or DSS tenants as higher risk, leading to higher premiums. Conversely, professionals or families may result in lower insurance costs.
Your claims history
A history of past claims may label you as a higher risk, increasing your insurance premium. However, a clean claims record could lead to more affordable rates.
Property owners insurance frequently asked questions
Can I cover multiple properties?
Whether you’re an owner-occupier with a single property or an investor with a portfolio of properties, we can arrange comprehensive cover under a single policy.
Can you cover unoccupied properties?
If your property is temporarily vacant or is going to be unoccupied long-term, we can provide the best cover on the market.
What does property owner’s insurance cost?
The cost of your policy will depend on the cover and levels of cover you choose. Prices start from £14 a month.
What if my property is unoccupied?
No problem. The level of cover you’ll get depends on how long the property will be unoccupied and whether you’re undertaking refurbishment works.
Can I get cover for loss of rent?
Absolutely. We can include rent guarantee cover or tenant default cover as an optional extra.
What is accidental damage cover?
A standard policy will cover against the main perils (storm, flood etc.). Accidental damage cover extends this to cover spillages, breakages or damage caused by you, a tenant or a visitor.
Can I trust you?
We’ve been around for over 50 years with a dedicated liability insurance team. We’re also authorised and regulated by the Financial Conduct Authority.
Ready to start saving on your property owners insurance?
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