If you’re letting property to students, having the right type of cover is essential
We can help you to find the ideal type of police for your needs. To get quotes from specialist providers now, simply click the green button
Available cover types include:
- Building only cover
- Combined building and contents cover
- Liability cover
- Legal expenses
- Unoccupied property insurance
Some key benefits of getting quotes online are:
- Quick and easy cover
- Compare quotes easily
- Instant cover and documentation
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Student Landlord Insurance – a quick overview
You can easily get cover for periods where your property will be unoccupied, such as between terms.
There are plenty of university cities throughout the UK and if you want to let housing to students, it’s essential that you have the right type of insurance.
Student landlord insurance is uniquely tailored to cover the risks that come with letting property to students. In addition to being able to cover the building itself, you can also get cover for contents, loss of rent, liability claims and legal expenses.
Find out more about each of these types of cover below.
Types of student landlord insurance
Below are some of the main types of insurance you can get as a landlord renting to students –
- Building insurance- Whatever type of tenants you’re letting property to, building insurance is a must. It will cover your property for any structural damage that occurs. If your property was damaged due to extreme weather or fire, then the repair costs would be covered.
- Contents insurance – If you let your property with a significant amount of contents, then it’s definitely worth considering contents cover. This will usually cover your contents for theft and damage.
- Liability insurance – Property owners’ liability insurance will cover you in the case of a tenant or member of the public winning a liability claim against in you, for example if your property being unsafe resulted in injury or death.
- Legal expenses – If you had to fight a liability claim in court, then the legal costs can become expensive quickly. This is why many landlords consider legal expenses to be an essential part of their cover.
- Loss of rent – Being unable to collect rent from one or more tenants can have a big financial impact on you, so having loss of rent cover included in your policy is certainly worth considering.
- Unoccupied property insurance – Letting to students means they’re are going to be times when you’re property is unoccupied for longer periods, namely between terms. Luckily, this isn’t a problem since you can get unoccupied property insurance added to your policy to protect it.
It’s easy to get quotes for student landlord insurance. Simply click the green button and once you’ve filled out the quote form, you’ll have personalised quotes within minutes.
Student Landlord Insurance FAQ
How do I make a claim?
If you need to make a claim on your policy, then it’s very important to document any evidence of damage that might have occurred. Take a lot of pictures as well as noting the time and cause of the damage. The more information your insurance provider has, the better they’ll be able to help you.
What are the main risks of letting to students?
Letting to students can come with some unique risks. If you let property with expensive contents, such as TVs, DVD players etc. then there is a chance they could get damaged. You can protect against this by getting contents cover.
There’s also the fact that the property is likely going to be unoccupied for longer periods of time between terms, although you can get unoccupied property insurance in this case.
Is it possible to pay in instalments?
Yes, most insurance providers will give you the option to pay for your policy on a monthly basis, so you can spread the cost.
Ways to save money on student landlord insurance
- Pay annually – If you can afford to pay for your policy upfront, then you’ll be able to make a significant saving with a lot of insurance providers.
- Get a lot of quotes – Getting a lot of quotes is always recommended if you want to save money. Prices can vary a lot from one insurance provider to the next so it’s definitely necessary to shop around if you want to avoid overpaying.
- Reduce cover options – Another way to reduce the cost of insurance is by keeping your policy basic and only covering the things that are essential.
Get student landlord insurance quotes now
You can get student landlord insurance quotes now from a panel of expert providers. Simply click the green button below and you can have your tailored quotes within minutes.