House insurance for landlord

[imd123]

My brother and I have bought our parents' house and they live there rent free. It's now come to the time to reinsure and looking complicated. It appears that the building needs to be insured in mine and my brother's names and contents in my parents. Having trouble finding an insurace company who can offer a reasonable price. Do any insurance companies specialise in this.
many thanks to anyone who replies.

[Buenchico]

Even if you were living in the property yourself, the best advice would probably be to seek two entirely separate companies and policies for your needs. (Combined buildings and contents insurance policies are rarely the cheapest way of doing things).

Almost all insurance companies will tell you that they specialise in the particular type of insurance you're looking for. Some even create separate trading names to encourage that perception. (e.g. eSure sell all types of insurance but they rebrand their products under names like 'Sheilas' Wheels' to attract certain groups of customers). So you need to be wary of so-called 'specialists'. However, this might help with your landlord's insurance:
http://www.simplelandlordsinsurance.com/defaul t.aspx

Your parents should seek a completely separate contents policy, starting here:
http://www.moneysavingexpert.com/insurance/hom e-insurance

Chris

[imd123]

Thanks Chris

Very helpful

[kendunlop]

Its not as difficult as it sounds. You only need to insure the house in your names as a rented out property and your parents insure their contents as tenants. Best to have both with the same company and then if there is a dispute at all as to blame for any event, the same company is involved.

[dcispv]

I think that you need to have buildings and contents together. Usually you get a discount for it and also if you need to make a claim that combines the two (ie a water leak that damages carpets and ceilings) then if you have them seperate you will have to make two claims and pay two excesses and have double the (inevitable) headache. if you have one company then there'll only be one claim form, one phone call and more importantly one excess.

Also it eliminates any possible grey areas where you phone up to claim for something and they say "oh no thats covered on your buildings".

I have just bought a great joint policy from Discount Landlord Insuarnce