Landlord insurance for non-resident or overseas landlords need some simplicity to it and that's why your questions stop here.
Covering your properties while your abroad is a must if you ask any business or private individual with properties in the UK.
When you need landlord insurance for non-resident property owners, it’s not always easy to find an insurance company that can help. In fact many landlords struggle with it, but not anymore because we have a system you can use to that get's that job done.
Insurance companies have many terms and conditions that won’t allow property owners to insurer their properties in the UK because they live abroad. Some insurance companies will insurer you, but you need to come back to Britain every six months for the policy to be valid.
This can be a nuisance for most landlords living aboard, as some investors permanently live abroad and only come to the UK, once in a blue moon, they do business over the phone.
There is a solution to this problem, and that’s finding the right insurance company that can cover your properties while you abroad, without the bother. So how do you do it, and how do I know if I’m really covered?
First of all, you can use the quote form on our website, it can find you a decent policy without costing any money (the quote service is free, not the policy), it’s free to use and if you like the deal, you can take it or leave it, it’s up to you.
The answers in the question above, ask the insurance company this question and you’ll get the best answers. When you fill this form in, insurers will know what you’re looking for in a policy anyway, so you have nothing to worry about my friends.
What cover will you need for your overseas property?
You need a certain amount of insurance, for one, you’ll need buildings insurance, this will cover your building from fires and flooding and just about any other damage your property faces, including subsidence.
If you renting an unfurnished property, you could save money and forget contents insurance. If you rent a lovely furnished home, you may want to take out a contents insurance policy, which covers theft or your property and accidental damage to your property caused by tenants.
You can include a loss of rent add-on, which covers the rent if you do have a fire or you’re flooded out, you couldn’t expect the tenant to keep paying the rent, could you?
You’ll not need to worry about your tenant, because the insurance company will pay for alternative accommodation while your damaged property is being repaired. Some policies also pay the rent if the tenant defaults on their rent payments, you can ask for this.
You can add legal cover for court expenses, including getting money back from bad payers.
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