Empty Property Landlord Insurance – Beneficial in the event of break ins and vandalism!
Empty property landlord insurance policy documents are a specialist arrangement that can lower your premiums when a property has been recently vacated or expected to be unoccupied for a longer duration. You need not insure for the full twelve months as with most policies. Three, six and nine months with extensions is normal, with empty property landlord insurance premiums being flexible. In a letting business market it can often be difficult to keep a property occupied at all times unless it is in high demand. While you need to advise your local authority about the council tax, it is possible that you could get a reduction. There is information at Direct Gov You also need to inform your current insurer. They may not cover your property if it is expected to be unoccupied for more than 30 days. In which case comparing empty property landlord insurance premiums UK at Quote Smasher may be advantageous.
Cheap empty property landlord insurance quotes are made possible by thinking like an insurer throughout the application process. A known to be empty property is at much more risk from break ins and vandalism, than one deemed to be occupied. Consider timer switches for lighting, perhaps leave some furniture in the property to give the impression it is lived in. Ensure locks are adequate and the burglar alarm is effective. These measures will help deliver cheaper empty property landlord insurance premiums while the building is unoccupied. Other policy requirements might be required such as, draining the water system while maintaining the operation of central heating system to deter frost and damp. You may also need to visit the property regularly and remove any valuables to lessen content’s insurance claims.
Compare empty property landlord insurance online for the best policy. You may not need such a policy if you sleep in the property once a month, though this can be an inconvenience and affect your property’s council tax status. In any case, your building requires a form of empty property landlord insurance even if the majority of content’s cover is reduced. It can still be open to fire, storm damage and flooding risks. Be extra vigilant with regards to squatters also. An empty property can attract unwanted tenants. A form of legal expenses cover to ensure the swift eviction of any such undesirable may need to be added. Call us today to discuss and compare empty property landlord insurance quotes and we will deliver the cheapest premiums pertaining to your circumstances and business letting needs.