Access a range of insurers, with benefits including:
- Buildings only cover or combined buildings and contents cover
- Up to £10,000,000 buildings, loss of rent and content cover per location
- Properties undergoing repair or renovations can be covered
- Unoccupied properties – Commercial and Residential – covered
- Multiple parties renting space in a single property
- Residential properties with tenants including students, DSS, asylum seekers etc.
There is usually no legal requirement to take out landlords’ insurance.
However, it offers peace of mind and protection and is cost-effective – the more property you have, the cheaper it becomes to insure them as part of a single policy with us.
Landlords insurance may also be a mandatory requirement if you have a buy-to-let mortgage.
Building insurance protects the exterior fabric of your property.
It is based on the cost to rebuild a property, not on the market value, and can offer support after storm damage, fires, floods and more.
We appreciate that calculating the rebuilding costs can be difficult and there are a number of sites which help you with this and although we cannot recommend any, we find the following useful :- https://costmodelling.com/building-costs
Contents insurance, on the other hand, protects the goods inside the property. This can include everything from large items, like white goods and furniture, to smaller possessions, like TVs, computers and mobile phones.
In the case of landlords’ insurance, it depends on what’s included in the itinerary when you rent your property out. Your tenants may need separate contents insurance to protect their valuables.
Some policies will give you cover for contents in communal areas of flats for carpets, furniture and pictures as standard.
MOBI landlords’ insurance offers contents cover only when buildings insurance is being purchased
We recommend all property owners to take out buildings cover to protect against the cost of repairing or rebuilding the fabric of your property.
Landlords’ insurance for buy-to-let property starts from as little as £120 a year. Premiums can be paid by Direct Debit in instalments to help spread the cost if required.
However, larger property portfolios and different types of property will have attract a property owners insurance premium based on your requirements. Call us and speak to our friendly team to discuss the property you wish to insure, for an accurate price from our panel of insurers.
At MOBI, we create bespoke landlord insurance quotes based on a range of factors, including:
- Property size, type and location (including high-risk areas).
- Occupancy type (e.g. residential/commercial tenants).
- Unusual properties (e.g. churches, theatres, chapels of rest etc).
Multiple properties can be covered on a single policy – and you can combine residential and commercial buildings as long as they are under the same owner’s name.
Property owners’ liability cover is different from landlords’ building and contents insurance.
It combines employers’ liability and public liability cover. If a tenant, employee or visitor to your property is injured, property owners’ liability insurance can cover related costs.
Landlords’ insurance cover is designed to be there when you need it. In many cases, it will be in response to an emergency – like a fire or flood – and it’s important to understand what immediate response will be available to you and your tenants.
That may include the cost of finding alternative accommodation, or calling out a locksmith or a boiler repair engineer in an emergency. As always, individual policy terms can vary, so always check what’s covered when you compare landlord insurance quotes.
MOBI landlords’ insurance gives you comprehensive cover at competitive rates. We work hard to make it the best value landlord insurance on the market.
We provide bespoke landlords’ insurance quotes on request, so give us a call to tell us exactly what you need, and we can tailor a rental property insurance policy to suit.
Other brokers charge fees and service charges which is against MOBI’s ethos, we simple receive the commission from the insurers with no additional fees to you.
Our approach means that on average we are 15% cheaper than other brokers.
