In our ever-changing modern world, insurance has had to change to become more flexible and adaptable. The team at John Morgan Partnership provide seamless, dynamic rental property insurance solutions to commercial and private client’s individual needs, using their expertise in an increasingly complex industry to offer advice on an extensive range of business insurance and lifestyle contracts for high-net-worth individuals in the Cotswolds and across the UK.
Landlord Insurance
Landlord insurance is similar to home insurance, but it’s specifically designed to cover rental properties. If you already own a Cotswold rental property, or are considering investing in a buy to let property, it’s important to understand the options available to you.
Standard home insurance policies aren’t designed to cover homes being rented, so a specialist landlord insurance policy can help ensure proper cover and protection in the event of a claim.
Why Landlord Insurance Is Important
Landlord insurance can help protect you from financial loss resulting from the specific risks of owning a Cotswold rental property. Although some risks are similar for all property owners (eg fire, flood and malicious damage), there are different risks for rental properties. For example, tenants could damage furnishings, regularly handed-down keys could threaten home security and tenants may default on rent payments. Additionally, in the event that the property is uninhabitable due to a claim, the loss of rental income can be covered. Fortunately, landlord insurance can be tailored to cover a wide range of risks.
Additional Considerations
Landlord insurance is usually taken out on a property-by-property basis. However, portfolio policies are available to landlords who own four or more rental properties and want to insure them all concurrently. Therefore, if you have multiple rentals, you might benefit from taking to John Morgan Partnership about a portfolio policy.
When renting out a property, a valid landlord insurance policy is often a condition of your mortgage offer from exchange, not completion. Nevertheless, taking out landlord insurance can be a wise move to help ensure the safety of your property and offer vital protection for your assets and earnings.
Not all brokers are the same
Fortunate enough to work from a Grade II property in the heart of the Cotswolds, John Morgan Partnership is in a unique position to understand not only the responsibility of owning such a property but also the requirements for rental property insurance. Their team work closely with a select group of insurers who specialise in providing tailored cover for listed and historical buildings or Cotswolds rental homes, arranging home visits, and working closely with expert local surveyors to ensure you are adequately protected.
How to get in touch with JMP
If you currently have rental property insurance policies with multiple companies and find yourself talking to someone different every time you need help then you may find that working with John Morgan Partnership solves both of these challenges.
The friendly team at JMP offer a holistic approach coupled with a truly personal service, setting them apart from the increasingly ‘faceless’ insurance contact you may currently be experiencing. They can help you identify the risks you face, offer guidance and support throughout, and negotiate on your behalf with insurers to find the best solution that protects your business or lifestyle. And when life throws an unexpected curveball, they handle the claims process from beginning to end, ensuring the best possible outcome for you whilst you get on with what you do best. The team at JMP know that trust is everything which is why they work hard to provide you with the peace of mind that your Cotswold rental is in safe and reliable hands.
For more information on landlord insurance, click here to download their comprehensive guide.
For a free, no-obligation insurance review, contact the commercial team at John Morgan Partnership Ltd on 01242 898387 or by email on info@johngroup.co.uk
John Morgan Partnership Ltd is authorised and regulated by the Financial Conduct Authority.
Company registration number 6644688 | Director John M Phillips
