Landlord Insurance Fears As UK Braces For More Violent Storms

Tuesday, February 11, 2014
Ensure Landlord Insurance Is Up To Date Before More Severe Weather Hits

Ensure Landlord Insurance Is Up To Date Before More Severe Weather Hits

Ensure Landlord Insurance Is Up To Date Before More
Severe Weather Hits

UK private rental sector landlords and residential property owners are being urged to make sure their properties are adequately covered by the right type of insurance policies ahead of the next wave of brutal storms due to hit the UK this week with the worst weather expected on Friday 14th February.

Met office forecasters have warned that the whole UK is expected to be hit by 80mph gales and torrential downpours on Valentine’s Day as a series of deep low pressure systems are currently swirling over the Atlantic ocean and heading straight for our shores.

Forecasters warned Britons to expect a “Valentine’s Day massacre” as the frenzied storm rips into the UK on Friday night and the intense storm system is on course to crash into the UK next weekend pummelling Southern regions already in flood crisis including Somerset and Berkshire.

The Met Office has issued severe weather warnings for heavy rain today Tuesday 11th February and tomorrow Wednesday 12th February and warned of the extremely high risk of further flooding because of the relentless storms.

A met office spokesperson said: “Another area of low pressure and its associated fronts are likely to affect the UK during Monday night and Tuesday, bringing a further spell of heavy rain and strong winds, particularly to southern areas. Further spells of rain, heavy at times, and accompanied by strong winds are possible during Monday night and Tuesday. The public should be aware of the risk of further disruption due to flooding.”The severe weather can cause structural damage to properties and increases the risk of flood damage in low lying areas, creating headaches for property owners and landlords.

Landlord Insurance Fears As UK Braces For More Violent Storms

UK Braces For More Violent Storms This Week Prompting Calls To Check Landlord Insurance


Residential insurance policies suitable for owner occupiers are not valid for rental properties and landlords are being urged to make sure they have adequate Landlord Buildings Insurance in place to protect their investment assets.

Landlords Buildings Insurance

• Quotations available for properties up to £5,000,000 sum insured
• Automatic coverage for Loss of Rent up to 20% of the buildings sum insured
• Experienced underwriters on hand with authority for instant decisions
• No claims bonus available
• Multi location policies available
• Automatic cover included for domestic employees at £5,000,000
• Property Owners Liability £2,000,000
• There is also a wide range of standard cover included such as;
• Loss of Metered Water and Trace & Access cover.

Landlords Portfolio Insurance

UK landlords with a number of buy-to-let properties can save money with an insurance policy that will cover all of them under one single insurance policy.

It makes good sense for landlords to take out property portfolio insurance; this brings both simplicity and the financial saving of having just one insurance policy to cover an entire portfolio of rental properties.

Portfolio Insurance on a number of rental properties is subject to the Condition of Average (under insurance). This means that each property insured is subject to Average in that if it is insured for less than the rebuild value of the property, the amount payable will be proportionally reduced.

Insurance cover can include some or all of the following for your entire portfolio of buy-to-let investment properties:

• The location of the properties (postcode)
• The sum insured
• The type of tenants in the property
• Your history of claims
• The age of the properties
• The type of properties (flat, detached, terraced etc)

When insuring your properties, it is also a good idea to protect against all insurable risks to the full replacement cost. It is important to remember that you should only take out Portfolio Insurance on your properties for the rebuild value and not the sale price. This is because the sale price is often higher than the rebuild value, which will make your premium higher than needed.

The Environment Agency has issued two severe flood warnings in the South West of England warning of the ongoing “danger to life” throughout this week.

The Environment Agency warned that flood defences which have not yet breached are in danger of doing so over the next few days. Across the UK there are more than 180 flood warnings and more than 270 flood alerts as river levels continue to rise. Most at risk are communities near the River Thames, the Severn and the Dorset Stour although all of the South of England is still on high alert.

Ensure Landlord Insurance Is Up To Date Before More Severe Weather Hits

Ensure Landlord Insurance Is Up To Date Before More Severe Weather Hits

This was written by Mike Clarke. Posted on at 11:30 am. Filed under Insurance. Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Follow comments here with the RSS feed. Both comments and trackbacks are currently closed.