Digitalquill - My Life and Times » land lord

Landlord Insurance

Digitalquill — Fri, 15 Apr 2011 06:48:45 +0000

As a Landlord it is very important that you get your properties fully insured with the correct insurance. As a landlord you may had additional costs which need to be covered, which would not be covered by standard buildings and contents insurance.

Standard buildings and contents insurance will also not cover your property if you are not resident.

It should also be noted that if you do not have the correct insurance, your insurance is effectively invalid and as such any mortgage on that property is not secure. A position that your mortgage company will not tolerate.

In the cold period we had I unfortunately had a little bit of a disaster at one of my properties. The property was unoccupied at the time, so I had left the heating on ticking over, however,either I had not left it on high enough or for some other reason the boiler went off.

This meant that with temperatures outside of -10°C outside, the house rapidly got very cold and all the pipes froze, the boiler burst, two pipes in the loft burst and the header tank froze solid breaking the ball valve.

I was called by the neighbor saying there was water coming through their ceiling and water pouring our of my house. I got there to find a scene of devastation, the whole house had water flowing through it, to ceilings were falling down, plaster was hanging off walls, carpets were ruined and the newly decorated house was ruined.

Insurance is critical and not only that the correct insurance is critical, you never know when you will need it, make sure that it is the right insurance for your situation, fortunately I was ok and insurance has covered the damage, plastering, new carpets throughout the whole house and a decoration top to bottom.

I use Simple LandLords Insurance as their name suggest they specialise in insurance for rental properties, they know the industry and can give you the insurance you need. They will even cover you for loss of rent, however in my situation fortunately did not need it.

Open House For Viewings Saturday 28th May We are having an open house for viewings at our property on Belvedere road in Hessle, Saturday 28th May between 2pm and 4pm. If you...
House For Sale Open Day Belvedere Road In Hessle West Hull We are holding an open day at hour house that is for sale in Hessle, West Hull, East Yorkshire. If you are looking for a...
House For Sale In Hessle East Yorkshire £132,950 One of our houses on Belvedere Road, in Hessle East Yorkshire has just gone up for sale. The house is listed with Reeds Rains and...
Property For Sale On Belvedere Road In Hessle The property we have for sale is now listed on right move. If you are looking for a house you can move straight into in...
Second Kitchen Fitted In Less Than A Month This weekend I have fitted the second kitchen this month! The first at our home in our kitchen orangery extension, and the second in one...

Landlord Licence Dropped

Digitalquill — Tue, 15 Jun 2010 09:56:00 +0000

Great news, the coalition government has decided to drop plans for one of Labours most ill thought out and frankly idiotic pieces of legislation the Land Lord Licence.

See Property Hawk blog

It was intended that all Landlords would all be registered in an amazing step of centralisation and central control. The legislation would have killed off many small Landlords like myself due to the amount of bureaucratic paper work and rules that would have to be followed.

There is already adequate legislation to cover the rights of both tenants and landlords, this Landlord license was simply a method of raising extra hidden taxes and centralising yet another industry.

I for one am very happy that government will not be imposing unnecessary bureaucracy on my business.

Landlord Insurance As a Landlord it is very important that you get your properties fully insured with the correct insurance. As a landlord you may had additional...

British Gas Landlord Cover – Update

Digitalquill — Sat, 06 Feb 2010 19:57:07 +0000

I mentioned in a post on the 22nd January 2009 that I had taken the decision to cover my tenants with the Land Lord Cover from British Gas. at that time I said I would update you as to how it goes, and as promised here is an update.

The monthly payments cover a yearly service and safety certificate for the property, something that is a legal requirements for land lords to have. The first years cover is now over and as such the second services are also now due. It is down to the tenant to book an appointment for the service and the safety certificate update. This has proven to be a failing, not really with the cover it’s self but with how it actually works in reality. If the tenant does not organise a time then the do not have the safety certificate for which the land lord is legally responsible. As such I believe that it should be the land lords responsibility to tell the tenant when the booking is and if the tenant can not be at the property for that allotted time then the land lord should have access to the property for the service and gas safety certificate to be done.

I have however been very pleased with the service, I have only had reason to call them out for two separate incidents, firstly a boiler which would not stay on and secondly a burst radiator. These where both dealt with swiftly and all under the cover at no extra expense to myself including a new radiator.

All in all I would recommend the service both to private home owners and Land Lords, however if you are a land lord make sure that you manage the process and ensure that you do not take your responsibility for granted.

If you are interested in more information on the British Gas Cover click here

Landlord Insurance As a Landlord it is very important that you get your properties fully insured with the correct insurance. As a landlord you may had additional...