Ocaso 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
Ocaso landlords insurance
With Ocaso, you may have good reason for putting your confidence and security in the hands of a truly independent insurer. Founded in 1920, this Spanish market leader has successfully resisted takeovers and other bids from multinational banks or financial institutions.
What make landlords insurance cover special?
When you insure the structure and fabric of your home – and its contents –against the major risks and perils to which they are exposed, you are likely to be doing so as the owner occupier of your place of residence.
When you are insuring even the same property, but it is let to tenants, however, you are effectively insuring a buy to let business.
In those circumstances, the tenants are your paying customers by way of the rent that they pay, the property and its contents are your principal capital assets, and the smooth running of the business requires your keeping at bay a number of potentially very costly risks and perils.
It is this business use of your buy to let property that requires the specialised form of insurance cover which goes by the name of landlords insurance or also buy to let insurance.
If this is cover needed for you own buy to let business you might want to take advantage of our special quote and buy service.
What does it usually cover?
Every buy to let enterprise is difference – in the same way that every let property is also likely to be different. Reflecting those differences, landlords insurance may also vary according both to your individual requirements and to the package offered by a particular insurer.
In the main, however, insurance is likely to be described under some or all of the following headings:
Building insurance – cover against such major events as flooding, fire, storm damage, escape of water, impacts and malicious damage is the prudent way of protecting the very structure and fabric of the building at the heart of your buy to let business;
Contents insurance – you might also want to insure any contents you own, especially if it is a furnished let and you have furnishings, equipment and appliances to safeguard;
Property owner’s liability insurance – potentially substantial claims may be made by individuals who are injured or suffer damage to their property through what they claim to be your negligence as a property owner or landlord, and for this reason, indemnity might prove especially prudent; and
Loss of rental income insurance – this typically provides you compensation (up to certain limits) for the rental opportunity lost if your property is uninhabitable following a major insured event.
Why choose your landlord insurance policy from Ocaso?
Ocaso arranges the two distinct types of property insurance – cover for the home owner occupier and for the buy to let owning landlord.
Insurance for landlords is available on one of two different bases according to whether the property is let only to professional individuals and their families or whether tenants are likely to be students and others.
Each category of insurance cover attracts a different annual premium although both protect your let property against the standard major risks (including subsidence) compensation for lost rental income equivalent to a maximum of 20% of the total building sum insured and landlord’s liability indemnity of up to £2 million.