LV Landlords Insurance
Save up to 30% on your renewal premium
Up to £20k free contents cover available
Many tenant types acceptable
25% multi building discount available
Greatest buy to let deals available
Up to 13 weeks cover for vacant properties
LV landlords insurance
Do you want the backing of the UK’s biggest friendly society, with a history stretching back to the mid-19th century and strong contemporary financial performance?
If the answer is yes, you might be interested in landlord’s insurance provided by Liverpool Victoria – or LV as it is popularly known by its current trading name.
Why is specialist cover required?
Before turning to our special quote and buy service, which might help identify some of the strengths of LV landlords insurance, you might want to ask just why you need specialist landlord insurance cover in the first place.
The answer lies in the scope and nature of the risks and perils likely to be encountered by the landlord of let property. These are different to those faced by an owner occupier – so much so that if you decide to let out to tenants the home you once lived in, then you need to inform your home insurer and instead switch to cover specially developed for landlords.
For owner occupiers, the property is home; for buy to let landlords, the property is a business asset with rents forming the income stream. The difference helps to explain the need for specialist cover.
So what exactly does the specialist insurance cover?
As cover for a commercial enterprise, landlord insurance aims to safeguard both the capital investment made by the buy to let owner and the smooth running of the income generating business.
Protection of the let building or buildings is largely similar to other forms of property insurance by safeguarding the structure and fabric against such potentially disastrous events as fire, flooding, impacts, storm damage, escape of water or vandalism.
Similar, too, to standard home insurance, cover for buy to let owners typically extends to the contents of the property owned by the landlord (insurance of any contents owned by the tenants is, of course, their own responsibility).
The landlord also has responsibilities and potential liabilities which may prove financially fatal to the business. These are property owner’s liability and employer’s liability. So large might be the claims, that either of these have the capacity for bankrupting the buy to let business, so specialist insurance is required.
Why choose an LV landlord insurance policy?
One of the reasons for singling out LV insurance may be the extent to which it offers elements of cover at a level possibly not achieved by other insurers, for example:
- cover for building subsidence included as standard;
- cover against loss or damage caused by terrorist acts is also included as standard;
- contents cover includes accidental damage;
- employer’s liability indemnity of up to £10 million included as standard; and
- public liability cover that may also be set at a greater maximum than other policies.
LV landlords insurance, therefore, appears to go that extra mile in protecting the interests of the buy to let owner.