NIG 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
NIG landlords insurance
Whether you own a single buy to let property or have a portfolio of up to 25 of them, you might take comfort from arranging your landlords insurance with such a solid and financially robust organisation as the National Insurance and Guarantee Corporation (NIG) and its past connections with both Direct Line and the Churchill group of insurance companies.
Why do you need the specialist cover of landlords insurance?
Landlords insurance is just as it says – cover for the owners of buy to let property, with the structure and fabric of a building to safeguard and a business interest in maintaining the rental income that is the lifeblood of the enterprise.
In order to perform these twin functions, a specialist form of insurance is required because the cover otherwise extended by standard home building and contents insurance is simply not up to such a task.
Insurers may be the first to recognise the special and particular risks and perils encountered in a property that is let to tenants – and these are quite different to those faced by a home occupied by its owner.
To discover how readily it may be to arrange such specialist – yet still affordable – insurance cover, you might want to sample our obligation-free quote and buy service.
What does it cover?
Landlord’s insurance typically comprises elements of cover likely to be recognised by any property owner – namely, first and foremost the protection of the building itself against the major risks and perils of earthquakes, explosions, impacts, fire, storm damage, flooding, and malicious damage.
Just as with standard home insurance, landlords insurance may also extend to those contents owned by the landlord – insurance for contents owned by tenants, of course, remains their own responsibility.
Of particular concern to landlords may be the risk of claims from visitors to the premises, tenants, or members of the public who allege the property owner’s breach of the duty of care owed by a landlord and who claim for a personal injury or damage to their property as a result.
Maintaining your rental income after a major insured event has left the accommodation temporarily unusable is likely to be helped by the compensation typically provided by landlord insurance. Any compensation is usually limited to a fixed total sum or to an amount equal to a percentage of the total building sum insured.
Why choose an NIG landlord insurance policy?
As you might imagine from an insurer of NIG’s standing, a high level of cover is offered for a wide range of let properties. The types of property, for example, include:
- blocks of flats;
- flats above shops; and for that matter
- any kind of buy to let property.
Currently, their buildings cover is available for up to a whopping £10 million, contents up to £500,000 and public liability indemnity up to £2 million.