Limited Company Buy to Let Insurance

Being a landlord brings many advantages, but it also requires responsibilities. One of those important responsibilities is to make sure that the property you are renting out is adequately covered by insurance, in case anything happens to it.

Many landlords choose to run their businesses through a limited company and if that is the case for you, then you will need to make sure that you secure the right insurance cover. Limited Company Buy to Let Insurance provides landlords with protection against some of the risks they face when renting out their properties.

At Echo Finance, we work with the entire market to ensure that you get the best possible cover for your limited company buy-to-let investment. We can help you to find a range of options that are tailored to meet your individual needs, whether you own one property or many.

Our team of experienced advisors can help you to understand the different types of cover available and ensure that you have everything in place for peace of mind. We understand that when it comes to running a business, time is precious so we have made our process simple – just give us a call or fill out our quick online form and one of our experienced team will be in touch to discuss your quote.

What is landlord insurance?

Landlord insurance is a broad term covering a range of products that provide insurance cover for landlords. It is designed to protect you as a landlord from specific risks associated with renting out your property, such as loss or damage to the building caused by fire, flooding or subsidence, cover for legal liabilities, accidental damage cover and alternative accommodation cover.

The level of cover you choose will depend on your individual needs and situation, so it is important to speak to an experienced advisor to make sure that you have the right cover in place. At Echo Finance we can help you understand what’s covered in each policy and find something that suits your individual needs.

Do I need landlord insurance for a buy-to-let?

Landlord insurance is not a legal requirement but it is recommended to protect your property and provide peace of mind that you are covered in the event of an incident or accident. Having the right cover in place can save you a lot of time, money and worry in the long run.

It's worth considering insurance if you own a buy-to-let limited company as it can help to mitigate the risks associated with renting out property on a commercial basis. If you have a buy-to-let mortgage, then you may be required to have certain types of insurance in place as part of your loan agreement. So, having the right cover in place can help to ensure that you meet the terms of your mortgage agreement.

At Echo Finance, our team can help you find the best insurance solution for your buy-to-let limited company. We will assess your needs and find a policy that meets all of your requirements while providing excellent value for money. Get in touch today to get started - give us a call or fill out our quick online form and one of our experienced team will be in touch to discuss your quote.

How is landlord insurance different to ordinary home insurance?

Buy-to-let property brings a unique set of risks and challenges, which is why standard home insurance policies are not suitable for landlords. From managing tenants to meeting health and safety requirements, a landlord insurance policy provides you with cover for the additional elements of being a landlord.

Landlord insurance is usually more comprehensive than standard home insurance as it will cover things like loss of rental income, property owners liability insurance, legal expenses and property damage caused by tenants or visitors to your property.

At Echo Finance we have access to a range of providers offering competitively priced limited company buy-to-let insurance packages so you can rest assured that your properties are adequately protected. From single-rental properties to multi-property cover, we can help you find the right cover for your business.

What insurance is needed for a Buy To Let Limited Company?

Owning buy-to-let property comes with a number of risks and it is important that you have the right landlord insurance cover in place.

The term landlord insurance covers a broad range of risks including theft, fire and flood damage to the property, legal expenses if you are taken to court by a tenant, and loss of income due to tenants not paying rent.

Buildings Insurance

Building insurance provides protection against damage to the structure of your property up to the rebuild value. Mortgage lenders typically require you to have building insurance as part of your loan agreement.

Landlord Contents Insurance

Contents insurance is not mandatory but can provide extra peace of mind if you are renting out the property fully furnished. Your tenant may also choose to take out a separate contents insurance policy for any of their own possessions.

Public Liability Insurance

This type of insurance provides protection against any legal costs or damages that you may become liable for should a tenant or member of the public sustain an injury or illness due to your negligence.

Landlord's Legal Expenses Insurance

This type of insurance provides cover for legal expenses in cases where you need to take legal action against a tenant, such as eviction proceedings. It can also provide financial help if you are taken to court by a tenant and are held liable for damages.

Loss of rental income cover

This type of cover can provide financial assistance if you suffer a loss of rental income due to a tenant not paying rent or the property being unoccupied for any length of time.

Employer's Liability Insurance

If you employ anyone to work on your rental property, such as a cleaner or gardener, then you are legally required to have Employers’ Liability Insurance in place. This covers any legal costs incurred if an employee makes a claim against you.

Home emergencies cover

This type of cover provides assistance in the event of an emergency, such as a burst pipe or boiler breakdown. It can provide peace of mind that your tenant will be looked after if something unexpected happens.

At Echo Finance, we have the experience and expertise to help you find the right insurance for your limited company buy-to-let. Let us take the hassle out of finding the right cover for you. Contact us today for a free, no-obligation quote!

What isn't included in limited company buy-to-let insurance?

The cover you receive with your limited company buy-to-let insurance will vary depending on the policy you choose. Generally speaking, most policies don’t cover:

• Wear and tear
• General maintenance
• Malicious damage caused by tenants or visitors
• Any furniture or possessions owned by the tenant

It's important to read the small print of your policy carefully and to make sure you're aware of what is and isn't covered before taking out a policy. If you have any questions, our team at Echo Finance are here to help - just give us a call and we'll be happy to answer any queries you may have about landlord insurance for buy-to-let property.

How much does buy to let insurance cost?

The cost of buy-to-let insurance will depend on the type and level of cover you choose. It can also vary depending on factors such as the size, location and age of your buy-to-let property. At Echo Finance, we understand that every business is different.

That's why we work with you to tailor a policy that meets your needs and budget. From contents cover and buildings cover and everything in between, we can help you find the right policy for your buy-to-let property. Get in touch today for a free, no-obligation quote. We look forward to helping you protect your investment!