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Insuring Buy-to-Let Property Leeds

Buy-to-let property investors have been warned they could be leaving themselves open to substantial liability if they are inadequately insured. If an investor chooses standard household insurance rather than policies designed specifically for landlords, the specialist buy-to-let lender has warned they face serious shortfalls.
Wheels Insurance Services
+44 (0) 113 277 0707
337 Hunslet Road
Leeds
Swinton
+44 (0) 113 260 8337
34 Station Road
Leeds
Swinton
+44 (0) 113 242 8480
32 Eastgate
Leeds
Gamble Gaunt & Haywood
+44 (0) 113 252 9000
70A Queen Street
Leeds
Swinton
+44 (0) 0800 412412
Leeds Road
Wakefield
Varleys Leeds & District
+44 (0) 113 249 5794
164 Harehills Lane
Leeds
Swinton
+44 (0) 113 270 2537
404 Dewsbury Road
Leeds
Giles Insurance Brokers
+44 (0) 113 233 9500
2 Infirmary Street
Leeds
Swift UK
+44 (0) 113 248 0077
208 Roundhay Road
Leeds
Ideal Insurance Services
+44 (0) 113 249 2669
107 Roundhay Road
Leeds
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Insuring Buy-to-Let Property

Buy-to-let landlords warned over home insurance Buy-to-let property investors have been warned they could be leaving themselves open to substantial liability if they are inadequately insured.

If an investor chooses standard household insurance rather than policies designed specifically for landlords, the specialist buy-to-let lender has warned they face serious shortfalls.

Most standard household policies are designed for owner-occupiers and can present some serious problems for landlords and buy-to-let investors.

According to Paragon, inadequacies include:

  • Unoccupancy: Ordinary household policies typically exclude burst pipes and theft cover if the property is unoccupied for more than 30 days. Longer periods of unoccupancy are comparatively rare in the case of homeowners, but for landlords carrying out refurbishment work, for example, or who may experience a void period, this time limit is far too restrictive.


  • Malicious Damage: While a specialist landlord policy should cover malicious damage by a tenant, most standard household policies carry a specific exclusion. And if the property is badly damaged, standard insurance policies will cover the cost of alternative accommodation but will not necessarily cover the loss of rental income.


  • Legal Bills: Landlords could face a large legal bill if a tradesperson carrying out work to their property is damaged. Homeowners can be held liable in these circumstances, and once again personal legal liability will be covered by their policy. But this important protection will typically exclude any liabilities arising in connection with the policyholder's trade or profession - not much use if you are a professional landlord. A specialist let property insurance policy should always provide public liability and 'employers liability' in case the tradesperson happens to be employed by the landlord.

    "Landlords need to carefully consider their insurance needs and ensure they are properly protected," said Tony Armitage, Paragon Insurance director.

    "The biggest irony is that some landlords are actually paying through the nose for potentially unsuitable cover."

    • Click here to read more from aboutproperty.co.uk