Landlord Buildings Insurance

Landlord Building Insurance

Landlord Buildings Insurance

Our landlord building insurance protects your investment by covering you for loss or damage that occurs to your rental property’s building.

  • Comprehensive landlord building cover from £75,000 to £2 million
  • Protection for your rental property against theft, fire or storm damage, and ground movement
  • Malicious damage and vandalism cover also available

  • Call 0808 172 5600

  • Open weekdays 9am-8pm, Saturdays 9am-5pm, and Sundays 10am-4pm - for a chat.

What does landlord building insurance from Simple Landlords cover?

Up to £2 million landlord building cover for structural repair

Cover from £75,000 up to £2million, to protect you against the cost of structural repairs, is available with our landlord building insurance. This is your ‘building sum insured’ - i.e. how much it would cost you to rebuild your entire property from scratch.

Landlord building cover against fire or storm damage

Our Simple landlord buildings insurance protects you financially against damage caused to your rental property in the event of fire, smoke, explosion, lightning, earthquake or storm, floods, falling trees, collision with an animal or vehicle, and even things dropping from the sky. We also cover ground movement such as subsidence or landslips.

Cover for water or oil leaks in your rental property

If you suffer water or oil leaks from your heating or pipes, our landlord building insurance is on hand to help you get repairs quickly - including up to £5,000 to help trace and access the problem

Theft and accidental damage cover

At Simple, we offer cover for accidental damage to windows, bathroom furniture, pipes and cables; theft or attempted theft; and malicious damage or vandalism (but not if it’s by your tenants - you’ll need extra malicious damage cover for this.) Find out more here.

For more information please take a look at our full landlord building insurance policy documents - which show exactly what you’ll be covered for.

Building insurance is cover for the structure of your building, so things like the roof, walls, fixtures and fittings. ‘Landlord’ building insurance means cover for the building you rent out.

It means your investment is financially protected from things like fire, flood, and storms - so if your property gets damaged or even destroyed, it can be repaired or actually rebuilt from scratch.

Building insurance is usually separated out from contents insurance , which covers what’s inside your property.

Landlord building insurance isn’t compulsory by law, but it’s often a condition of a buy-to-let mortgage, so not having insurance in place could put your mortgage and your property at risk.

Repairing a property can be very expensive, however buildings insurance will in many cases be cheaper than having to fix even minor damage out of your own pocket.

You can usually get a quote online, or call up an insurance company to talk through your insurance needs. You’ll be asked about your property – from when it was built to the type of construction, number of rooms, and things like how much of your roof area is flat. It’s worth making sure you’ve got your property details in front of you before you get your quote.

You might also be asked to provide a Building Sum Insured figure.

Building sum insured is the amount of money it would cost you to rebuild your property if it was destroyed or badly damaged.

It doesn’t have anything to do with what you paid for your property, or how much money you could sell it for - because the true value of your property includes location, plot and other factors - not just bricks and mortar.

You might find full building costs on your mortgage survey, and there are also useful tools like the BCIS calculator from RCIS – the Royal Institution of Chartered Surveyors - that can help you calculate your Building Sum Insured.

Your buildings sum insured figure should include:

  • Dismantling what’s left of your property and clearing the debris
  • Architect fees to redesign your property (to its original design)
  • Rebuilding the property – including materials and labour

It’s important to make sure you’re not over-insured - or worse - under-insured. It’s always worth re-calculating your Buildings Sum Insured figure if you’ve had work done to a property - for instance making changes to the internal structure or installing a new bathroom or kitchen.

Many insurers will only pay up to the buildings sum insured you’ve set yourself, so if you’ve under-estimated they’ll only be able to pay a proportion of your claim and you’ll end up out of pocket. In a worse-case scenario, being under-insured might even invalidate your insurance policy altogether.

It’s important to get your buildings sum insured figure right, so you know you’ve got the right cover, you’re paying the right premium, and you’ve got the right protection.

It’s important to make sure you’re not over-insured - or worse - under-insured. It’s always worth re-calculating your buildings sum insured figure if you’ve had work done to a property - for instance making changes to the internal structure or installing a new bathroom or kitchen.

Many insurers will only pay up to the buildings sum insured you’ve set yourself, so if you’ve under-estimated they’ll only be able to pay a proportion of your claim and you’ll end up out of pocket.

It’s important to get your buildings sum insured figure right, so you know you’ve got the right cover, you’re paying the right premium, and you’ve got the right protection.

Here at Simple we think students and people on benefits can make really good tenants. The type of tenant living in your rental property may affect your premium with some insurers, which is why it’s important to let them and us know who’s going to be living in the property, and if there any changes in tenants or tenant circumstances during the lifetime of the policy.

Yes! Simple offers multi-property or portfolio landlords insurance. Having all of your properties insured in one place means you’ve got one point of contact, one renewal date, and one lot of paperwork. It can save you money as well as time, and you can add properties on as your business develops, or as individual renewal dates come round.

If you’ve got a non-standard building – for instance something with a flat roof, timber frame or a conversion, we might be able to help.  But if we can’t we have a specialist department that will be able to help. They specialise in special properties and circumstances, including CCJs, previous claims and bankruptcy. Just give us a ring to chat through your situation.

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