Landlord Insurance from Isis Insurance

Isis Insurance are a United Kingdom (UK) based insurance broker specialising in the commercial insurance market, offering a range of tailored services including HGV Insurance, Van Insurance, Cheap Landlords Insurance and Fleet Insurance.

Landlords Insurance News & Advice Guides

Landlords Mortgage Guide for the Novice Investor
Read our Landlords Mortgage Guide for the Novice Investor
Landlords Market Overview
Read our Landlords Market Overview
Top 10 buy to let tips
Read our top 10 buy to let tips
Gas Health and Safety for landlords
Every year around 30 people die from carbon monoxide poisoning caused by gas appliances which have been incorrectly installed or maintained. Following the Gas Safety (Installation and Use) Regulations 1998, landlords have strict responsibilities relating to the safe installation, maintenance and use of gas appliances, fittings and flues in rented accommodation.
5 top tips to keep down your Landlord Insurance premium.
‘Residential Landlord Insurance’ commonly known as ‘Buy to Let Insurance’ are terms used when describing a specific policy designed to cover a property owner who receives remuneration for providing residential accommodation. Alternatively, if the property is occupied for commercial use a ‘Commercial Property Owners policy’ will be required instead. Here are 5 top tips to keep down your Landlord Insurance Premium.
Insurance for Landlords
Thinking of investing in buy-to-let property? Make sure you get your insurance sorted.
Cheap Landlords Insurance Guide
There is no legal requirement for landlords to hold a landlords insurance policy, although not owning one would be very inadvisable.
Rent Guarantee Insurance
If you have done your tenant screening and tenant verifying properly hopefully you won't have problems with your tenant paying rent. (Please note; this article is published for information purposes only. We do not currently provide Rent Guarantee Insurance)
Buy to let Market Growth
Research by Paragon Mortgages suggests that growth in the buy-to-let market is having a positive impact on UK housing by, for example, driving up standards in rental stock and helping to create a more flexible private rented sector. We are therefore keen to ensure that buy-to-let investment is protected and encouraged.
Calculating Rebuilding Cost
If you want to make sure you"re paying for the correct amount for landlords building insurance cover, you"ll have to be prepared to calculate the rebuilding cost of your home in order to make sure you have the right amount of buildings insurance.

Do you have any landlords insurance related news, advice or product reviews? Please send them to us!

Are you looking for Cheap Landlords Insurance, Buy to Let Insurance or Let Propery Insurance? Complete our quick online Landlords Insurance request or call us now on 01625 539 656!

Insurance Guide : Landlords Insurance

Overview of Landlords Insurance
How It Works
Things to Watch out for
Frequently Asked Questions (FAQs) for Landlords Insurance
Glossary

Overview of Landlords Insurance

Any business faces unpredictable threats and risks on a daily basis. A fire, robbery or employee injury may destroy everything your company stands for. To protect yourself from the unforeseen and make sure your business survives, you should purchase the right business insurance. For a monthly premium your policy will ensure you are protected from a range of pre-specified risks. Because every business is different insurances come in different forms with different levels of cover.

Working with Isis Insurance simplifies the complex task of protecting the assets of your company and the liabilities it may face. Isis insurance will help you find competitive quotes for the coverage you need from leading landlords insurance companies like MMA Insurance, NIG, Zurich Insurance, Royal & Sun Alliance, Fortis and Amlin.

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How it Works

You will need a number of insurances to cover all of your assets from possible loss or damage and to protect you from any potential liability. Researching and purchasing each insurance separately is expensive and time consuming. An alternative to this is to buy a packaged insurance policy. A packaged policy is a product that offers the most common insurances required to run your business bundled together in one offering and the flexibility to adjust the coverage to meet your specific needs. Packaged policies offer a number of benefits. You know the cover will be comprehensive enough to cover the main risks affecting your business whilst avoiding duplication and overlap of cover. It is also easier to manage as you have a single set of documents, one point of contact and one renewal date. Packages are often less expensive as insurers will offer a better total premium when they are providing all your cover.

The following insurances are common, highly practical and in some cases a legal requirement.

Employers liability insurance If you employ anyone outside your immediate family, you are required by law to purchase employer's liability insurance. This insurance offers you protection for any liability arising from injury or illness sustained by employees while they are working for you.
Motor insurance If you use a motor vehicle for your business, you have to insure at a minimum against third party liability by law. You should also strongly consider extending your protection to cover your motor vehicle from collision and theft.
Public liability insurance This will protect you from any liabilities from a Third Party (other than your employees) bodily injury or damage to their property that may occur during the normal operation of your business.
Products liability insurance This will protect you from any liabilities from a Third Party bodily injury (other than your employees) or damage to their property that may occur from products you sold or supplied.
Material damage insurance There are several different insurances that are designed to cover your various assets (building, computer equipment, stock, or contents) from loss or damage caused by various causes (fire, flood, theft or other disasters).
Business interruption insurance This covers you from the loss of turnover or trading profits from damage to your property that prevents the normal operation of your business.
Money insurance In specific circumstances this will reimburse you for money that is lost or stolen from the premises, your home or whilst you are moving it to another location.
Goods in transit insurance Covers you for accidental loss, destruction or damage to goods in transit and the cost of alternative transport if needed.
Other insurances for your business Other insurances may be considered a standard part of an insurance policy for your business. If so, our intelligent RFQ form will allow you to request the appropriate insurance. These additional insurances will be denoted by the question mark beside the line item representing them. If you click on the question mark, text explaining the insurance will be provided.

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Things to Watch out for

Excess An Excess is the first part of every claim that you are responsible for. Usually you can reduce the cost of your insurance by increasing the Excess amount.
Amounts insured It is your responsibility, and vitally important, to supply accurate information to the insurance company as to the value of your assets. In some circumstances, incorrectly valuing the amount to be insured could affect your claim. If you cover your assets for more than they are worth (over-insure), you will pay a higher premium than necessary. If you cover your assets for less then they are worth (under-insure), you will not receive enough compensation to cover your losses. Our specialist insurance broker will be happy to discuss this with you. In some cases an insurer may wish to survey your premises before agreeing to cover the insurance requested.
Pre-set Conditions and Exclusions Understanding how you are covered, is as important as understanding how much you are covered for. You should be aware of any pre-set conditions and exemptions that may exist with the cover. For example some cover is dependent on you having an alarm fitted or securing your equipment in a particular way. Full details of conditions can be found in the policy wording and are shown on your quote schedule. Wer will be happy to discuss these with you if you have any questions.
Know your insurance company As part of your decision making process you should look beyond the numbers (cost of cover and amount you are covered for) and examine the potential insurance provider. It might be better to pay a little higher premium but deal with an insurer who has extensive knowledge about your industry or business insurance. You might want to also check the insurers financial history and claims process before you decide to take their policy.

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Landlords Insurance FAQs

How can I make sure that my policy adequately covers my business and the appropriate assets?
One way to make sure you protect all your assets is to create a list of any business assets you would want to cover and check your policy for their inclusion. Make sure you have included cover for all your tools, fixtures and fittings, equipment, stock and any other important items. Isis Insurance can advise you on suitable levels of cover if you are in any doubt.

How will my claim history affect me?
Typically before an insurance company will provide you with a quote, they will look at all your previous claims including ones that were not paid. If the insurer notices several claims in the last few years they are likely to increase your premium.

How do I file a claim?
Usually the process of filing for a claim is quick and simple but when a disaster occurs it's easy to become confused.

DO notify ISIS Landlords Insurance as soon as possible
DO tell the police immediately if you have suffered a theft or malicious damage.
DO take all possible action to prevent further loss or damage and thereby minimise or reduce the loss
DO NOT admit liability or offer to pay compensation to anyone. Pass all correspondence to our specialist insurance broker, unanswered immediately.
DO tell ISIS insurance immediately if you receive a solicitors letter, summons, notice of prosecution or similar communication and DO NOT acknowledge it.
DO take any immediate action possible to prevent it happening again.

How can I help speed up the claim process?
Be prepared to provide any information that is requested by the insurance company or adjuster. The best way to prepare is to be proactive and document vital information before a problem comes to pass. For example, you may want to keep duplicate records of key purchases offsite.

How do I adjust my insurance policy to reflect a new asset I just purchased?
When you purchase a business asset, you should contact ISIS Insurance and determine how you can include it in your current cover. We should be able to cover the extra item immediately. New documents will be issued as soon as possible and the extra cover will then be included as part of your policy when you come to renewal

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Glossary of insurance terms

Asset An item of economic value owned by you or your company.

Claim A notification to the landlords insurance company that a covered peril has occurred and compensation for loss or damage is required.

Claims history Your history of insurance claims.

Excess The first part of every claim that you have to pay.

Insurer / Insurance Provider The Company that provides the landlords insurance cover and will pay you for any claims.

Insurance Broker An insurance professional able to provide independent advice on a wide rang of insurance matters.

Liability cover Can include employers, personal and product liability. Refers to your legal liability to pay the compensation and costs awarded against you in respect of loss or damage sustained by a third party.

Loss Adjuster An expert in processing claims from start to finish. A loss adjuster will be appointed by the Insurance company to negotiate a settlement, within the terms of the policy, which is fair to both you and the insurance company.

Premium The amount you pay to receive cover under the terms of your policy.

Inception Date The date on a policy for which cover begins. Any claims made before this date will not be honoured.

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Isis Insurance services provide landlords property insurance; including student property insurance, student let insurance, commercial let property insurance, landlords insurance, but to let insurance and more. Contact us today for a quote on 01625 539 656, or fill in your details above.

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