Landlord's Insurance Co's

[muchlovex]

Does anyone know of a good LL insurance companies?

If a claim was to be made then they would do all of the work, i.e. coming out to property asap to inspect damage and instruct companies to repair.

Thank you

[woozer]

Hi - Assuming you are not equating good with cheapest ??
Most insurance companies will only use their own approved contractors etc which is not always ideal as they can be overloaded with work at times like these.And sometimes they have got a bit too used to getting a steady stream of business from the insurers and are not as motivated as you might like. Whereas some brokers do have access to national contractor networks that are hungry for business and can help.

After Escape of Water; Accidental and Malicious Damage by Tenants are amongst the biggest causes of claims and not all insurances provide this in their so called "Comprehensive" policies. Be particularly wary of on line quotation systems as they only quote extremely basic cover and all the risks that are likely to happen are the optional extras that increase the premium !

You may need a specialist broker (who usually sell their contracts via Managing Agents). Try Hazelton Mobbs & Mountford who are based in Worcester. They specialise in Landlords Insurances nationally.

[muchlovex]

Thanks. I am not looking for the cheapest but more for quality of service and reliability. My properties are all up North and I live down South so I would like to insurance co to organise contractors and work to be carried out should there be any problems.

[bennhoughton]

Hi muchlovex

The services of insurance companies usually extend to include what you are requesting.

it may be a good idea to approach a broker who will be able to find you the right company, they will also be able to assist with any claims - including visiting properties on your behalf which have been subject to a claim to make sure the insurers are doing the right job.


My brokerage accessible insurance offer these services and would be happy to help if you would like some comparative quotes from reputable (and cheap) companies

[muchlovex]

HI benn,

Thanks for the info'.

Just out of curiosity how much do brokers charge for this service?

[bennhoughton]

generally brokers work on a commission basis, and some, including my company charge small fees in addition.

However, these fees are apportionate to the size of your portfolio, the premiums you pay and the amount of work involved.

we would only charge a small fee when you take the policy out, any additional changes, advice and assistance with claims (we would take over the entire claims managment process on your behalf - orgainising repairs with insurers, etc etc) are all free of charge

[Dris]

You wouldnt be advertising would you bennhoughton?

[bennhoughton]

lol, no not advertising...there's nothing wrong with pointing out the services one's company offers, especially if people are not aware of the services they can get from an insurance broker....

[ganesh]

What is a small fee? Your'e all as bad as politicians! When someone asks a direct question you don't answer! "Depends on your portfolio"is not very helpful.There must be a percentage or premiums in levels or do you just make up an amount? Some people want to know (even roughly) what it might cost before we embark on all the personal details and form-filling.

[ganesh]

PS.
By the way,Benn,this time you ARE advertising,not that I really see much wrong with that anyway,but you are.

[bennhoughton]

Ganesh, a small fee could be £10 for one policy, or it could be £100 for ten policies, it depends on the workload involved. And the whole point of a broker is that they do all of the form filling etc for you, you just have to spend a bit of time answering their questions, and you would do this once and they would approach a number of insurers on your behalf. If you have ten policies, rather than just one or a couple, there would be a much greater workload, and more chance of them having to spend time during the year sorting out claims etc on your behalf, and so the fee would be higher.


The benefit of the broker option is that you get professional advice and should get a claims handling service also. Because of the size of some brokers, or those part of bigger networks, the prices you can get are often cheaper or equal to those found via other channels (and that includes the fee). The policies a broker usually sells are often of a higher standard than those found online, with higher limits, lower excesses, and wider cover and so is always worth obtaining a quote for comparison of service and price. (And I dont mean ask me for a quote, you should approach one of your local or regional brokers, they will provide a local friendly service in most cases with the benefits of providing local knowledge)

[bennhoughton]

oh, and how did you get on with your daughters travel insurance Ganesh? Did the school provide the cover?

[ganesh]

Will be finding out soon when I go to the meeting.
PS.I see the point of brokers,especially for mortgages-I just like to know a rough figure that's all and you have said roughly £10 per policy.And in my experience they don't do ALL the form-filling and there are a lot of questions,and sometimes surfing the net and comparison sites are another option.

[ganesh]

Yes,Bh,it is all covered by the school.