Property
Owners

Property owners insurance (also known as buy-to-let or Landlord Insurance) is often purchased purely on price, and whilst the level of premium paid is important, experience has shown that the extent of cover is often overlooked. There are many areas of risk exposure that need to be carefully examined when buildings insurance cover is being arranged.

Cox Mahon has a great deal of experience in this area and can advise and guide you to the most appropriate policy. You may have an investment portfolio of buy-to-let properties, student accommodation, offices, commercial or industrial buildings. We can assist with individual properties through to large portfolios, and for both residential and commercial property landlords.

You may have purchased green or brown field sites for future development – which attracts additional risk exposures, such as Property Owners’ Liability and Environmental Impairment liability risks. You may own unoccupied premises – for which special insurance considerations apply. Whatever the risks, Cox Mahon will ensure your bricks and mortar assets are protected.

Property insurance Q&As

What is property insurance?

Property insurance, also known as buy-to-let or Landlord Insurance, is a type of policy tailored to safeguard property owners/landlords. It includes various covers to protect property owners who rent out their properties. This insurance is essential for landlords because, despite having reliable tenants, unexpected issues can arise. Optional add-ons, such as cover for loss of rental income, provide additional protection if the property becomes uninhabitable due to damage.

What does property insurance cover in the UK?

Property insurance in the UK typically includes buildings insurance, which covers damage to the property’s structure and the cost of necessary repairs. It also generally includes contents cover, which protects against the cost of replacing fixtures or fittings damaged during the tenancy. Additionally, Property insurance may provide liability protection in case a visitor to the property is injured.

Do you need property insurance?

While property insurance is not legally required in the UK, standard home insurance won’t cover many of the risks associated with renting out a property. Without proper cover, unexpected events could result in significant financial loss. Therefore, whether you rent out a small flat or a large house, having landlord insurance is highly advisable to protect your investment.

How much does property insurance cost?

The cost of property insurance varies based on factors such as whether you are insuring a house or a flat, and whether the property is furnished. Renting to students might incur higher premiums, or some policies may not cover student rentals at all, compared to renting to a professional couple or a family. Opting for a policy with pick-list of optional extras can help tailor the cover to your needs and potentially save you money in the long term.

Do I need contents insurance as a landlord?

While there is no legal requirement for landlords to have contents insurance, but it can be highly beneficial. If your rental property includes items like fridges, furniture, and other furnishings, contents insurance can save you significant expenses. In the event of an insured incident such as a fire or flood, replacing all the contents at once can be very costly.

How do I make a claim on my property insurance policy?

Making a claim is simple. Cox Mahon has a dedicated claims team to support you through any claim.  Head to the claims page of our website for more information.

Can I get property insurance for multiple properties?

Our policies can cover you for up to 10 properties that can include a mix of residential and commercial buildings. We’re also able to insure property portfolios with over 10 properties, please contact us for more information.

Cox Mahon – Insurance Brokers for Property Owners