Investors and landlords can rest assured that their property is protected, thanks to C&C Insurance Brokers Ltd’s new product specifically tailored to their needs.
Property insurance for investors and landlords is more complex than an average household property insurance. There are important factors that, if overlooked, can have significant implications on a claim should the policyholder need to make one.
C&C Insurance Brokers have developed the new product to meet demand after their property team experienced cases where investors and landlords have taken inadequate cover to meet their specific needs or mistakenly thought they were covered for something which it later transpired was not the case. The new product has been an important step to help investors and landlords have peace of mind that all their insurance requirements are fully catered for as their property business evolves.
Jayne Wilson, Property Development Executive at C&C explained:
“Property insurance can have many variations depending on individual factors including the use of the property, tenants, renovations, and whether the property is unoccupied.
“When a property is bought as an investment or to rent out, its use and the insurance requirements can change. This new product takes change into account so the policy can be updated as the property develops and requirements change.
“Unlike many other policies in the market place, an exciting feature of this policy is that FULL peril cover is offered as standard for unoccupied properties and while properties are undergoing refurbishment/renovation works. Many other policies on the market offer limited cover on unoccupied properties, unless requested”
By working closely with the insurance provider over a period of time, C&C Insurance Brokers have considered many different circumstances to ensure they can offer excellent cover at a competitive price. Jayne added:
It is the property team’s long-term experience, advice and knowledge that enables us to make sure our clients receive the appropriate insurance cover for their exact requirements, guiding landlords and investors through their policy to make sure their investments are protected.”
C&C have also produced a short guide to Landlord Insurance, available to download here.
For more information about insurance for property investors and landlords please email Jayne Wilson.