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Summary

letcare offer a comprehensive package of buytolet insurance for both the private landlord and the professional investor that are specifically designed to cover most of the risks associated with letting property

• Buildings Insurance
• Contents Insurance
• Tenant Referencing service - do you know your tenants?
• Legal Expenses Insurance -for legal help when you need it most
• Rent Guarantee Insurance - we pay your rent if your tenant doesn't
• Home Care Safety Plan for help in an emergency
• Policy Excesses what we will not pay for
• Important some of the terms & conditions that apply to this insurance
• Policy Wording
  

Buildings

Insurance cover for the rebuilding of or repairs to your property following loss or damage to the buildings caused by fire, explosion, lightning, earthquake, smoke, riot, civil commotion, labour or political disturbances, impact by vehicles, trains, animals, falling trees or aircraft, malicious acts or vandalism (including malicious acts or vandalism by tenants), storm, flood, escape of water or oil from tanks & pipes, frost, theft or attempted theft, subsidence, landslip or ground heave.
Plus loss of rent (following damage) up to 20% of the building sum insured.

Insurers will also pay up to £1,000,000 for your liability to tenants & other people for injury or damage to their property caused by defects in your Property

Contents insurance

We cover your contents on a new for old basis for loss or damage caused by fire, aircraft, malicious persons (or malicious damage by tenants), lightning, explosion, impact, theft (including theft by tenants), subsidence, heave, riot/civil commotion, storm, flood, escape of water or oil leakage, breakage of ceramic hobs, mirrors and glass in furniture, replacement of locks following theft of keys - plus loss of rent (following damage) up to 20% of the sum insured.

There is a minimum sum insured of £10,000 and a maximum of £30,000

Rent guarantee and Legal Expenses

You may be unable to collect your rent, your tenants may not vacate the property and you may need to evict unauthorised occupiers. All these problems can be resolved by legal action but this is expensive. We cover all of your legal expenses up to £10,000 and upto 6 months rent.

Claims will only be paid if your tenants have been satisfactorily referenced.

Home Care Service Plan

Quick & reliable help when you need it most - we understand the frustrations of not being able to find a plumber when you really need one but now reliable help is just a ‘phone call away – and not just for plumbers - electricians, locksmiths, builders & glaziers to!

Call us anytime - you or your tenant can call us anytime 24-hours a day 365 days a year.

Guaranteed Response Time - our contractors will respond within 30 minutes and visit the same day whenever possible

Our Home Care Service Plan is an emergency call out service for;

* Plumbing leaks
* Heating failure
* Burst Pipes
* Blocked Drains
* Security of Doors & Windows
* Failure of the Electricity supply
* Loss of the only available keys

We’ll save you time & make it easy for you to maintain your property - you can call our help line at anytime for access to our nationwide network of contractors who will carry out non-emergency maintenance and other works for you at specially discounted rates.

All work carried out by our contractors is guaranteed for 12 months

Policy Excess

Your policy will not pay for:

Buildings the first £100 of each claim (increased to £1000 for claims for subsidence, heave or landslip.
Contents the first £100 of each claim.

Legal Expenses any legal costs in pursuit of a claim for damage to property or loss of rent where the amount involved is less than £250

Rent Guarantee the first months unpaid rent

Home Care Service Plans Nil

Important

Tenancy Agreements

This insurance is designed for properties let on an Assured Shorthold Tenancy (in England & Wales or the equivalent in Scotland, Northern Ireland or the Isle of Man). Please ensure that any tenancy granted by you complies with this. If you are in any doubt, you should obtain advice form your local Citizens Advice Bureau (free of charge) or from a solicitor.

Tenants

We can insure properties let to working tenants, tenants receiving benefits, students, asylum seekers, local authorities, housing associations, letting agents or to a Company or used for holiday lets.

If you require quotes for any other types of let property please email your details to underwriting@letcare.co.uk, fax them to 0870 2113 412 or phone us on 0845 2000 792.

Commercial Lets

We can insure shops with flats above and totally commercial properties – please email your details to underwriting@letcare.co.uk, fax them to 0870 2113 412 or phone us on 0845 2000 792.

Unoccupied Properties

Properties can remain unoccupied between tenancies with no restrictions in cover. You do not need to notify us when the property becomes unoccupied. However, if your property becomes unoccupied during the months of October to April inclusive we do require you to turn off the water supply at the mains and drain the water system as soon as you become aware that the property is unoccupied.

Routine Maintenance

this insurance does not cover incidents arising from a lack of routine maintenance and servicing.

Tax

your insurance premiums are subject to Insurance Premium Tax but may be tax deductible

Tenant References

Legal Expenses & Rent Guarantee Claims will only be paid if your tenants have been satisfactorily referenced If you wish to make a claim.

Policy wording

this information is a summary of the policy cover. If you require full details a complete policy wording can be downloaded (see Documentation)

Tenant Referencing

coming soon

IF YOU WOULD LIKE letcare TO REFERENCE YOUR PROSPECTIVE TENANTS PLEASE COMPLETE ONE OF OUR REFERENCING APPLICATION FORMS (see Documents)

 

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