UK Long Term Let Property Insurance

Schofields provide buy to let insurance for property in the UK that is let on a long term basis or short hold tenancy agreement to professionals. The policy is designed to protect residential property owners and landlords from the unexpected risks that may occur when letting property.

The policy wording is readily accepted by lenders and should the worst happen there is the reassurance that claims are dealt with by our in-house experts. Cover is arranged with certain Underwriters at Lloyd's of London, one of the worlds leading insurers.

The buy to let Insurance policy includes the following benefits when you insure buildings or contents

Wide cover whilst let and during periods of unoccupancy.
Please note that certain restrictions apply when the property is not furnished for normal habitation. We cannot insure properties that are left permanently unoccupied (i.e. awaiting sale, being renovated).
Public liability insurance. An indemnity limit of £5m on any one occurrence is automatically included. This indemnifies both the property owner and also the tenant. Given today's propensity to sue, this will protect you against legal action from injured tenants.
£5m employers liability insurance. This protects you against legal action from injured domestic employees e.g. caretakers, cleaners.
Includes loss of pre-booked rental income. You are automatically covered for up to 20% of the sum insured for buildings or contents for any one claim.
Alternative accommodation costs. Following loss or damage to the property by an insured occurrence.
Schofields have specialised in let property insurance since 1984.

Let property insurance buildings and contents cover

The insurance covers loss and damage caused by

Fire, lightning, explosion or earthquake
Aircraft
Storm, tempest or flood
Escape of water from fixed water tanks, apparatus or pipes
Escape of oil from domestic fixed fuel oil tanks, apparatus or pipes
Theft or attempted theft involving forcible entry
Impact by any vehicle or animal
Riots, strikes, violent disorder, civil commotion or malicious damage
Subsidence, landslip or heave
Falling trees, lamp posts or telegraph poles

The buildings insurance for buy to lets covers

Damage caused by falling aerials and satellite dishes
Breakage of fixed glass
Breakage of sanitary fixtures and ceramic hobs
Accidental damage to oil pipes, underground water supply pipes, sewers, drains, underground gas pipes, electricity and telephone cables
Architect's and surveyor's fees, debris removal and additional cost of reinstatement as a result of local authority requirements
Increased metered water charges following an escape of water
A contracting purchaser until completion of sale