Property Owners Insurance
Find out if you can get cheaper property owners insurance today.
What is Property Owners Insurance?
As a property owner, you’ve put a lot of time, energy, and money into your investment. From purchasing the property to making renovations and upgrades, you’ve made a significant commitment. Property Owners Insurance is a specialised insurance policy designed to protect you from the potential risks associated with owning residential or commercial property. At Riviera Insurance, we understand the importance of protecting your assets, offering comprehensive cover to give you peace of mind.
Do I need Property Owners Insurance?
If you own a property that you rent out, this insurance is essential. The unexpected can always strike, and this policy safeguards your investment against the risks associated with renting to tenants or leasing to businesses. It ensures your financial security and protects the future you have worked to build.
What types of Property Owners Insurance are there?
There are various types of Property Owners Insurance policies, including:
Residential Landlord Insurance: Designed for owners of residential rental properties.
Commercial Landlord Insurance: Tailored for owners of commercial properties.
Unoccupied Property Insurance: Coverage for vacant properties.
Holiday Home Insurance: Protection for second homes or holiday rentals.
Choose the policy that aligns with your property ownership needs.
What does Property Owners Insurance cover?
With our insurance cover, you can rest assured that your property and assets are protected. We offer a range of coverage options, including:
- Building Cover: Protects the physical structure of your property in the event of a covered loss, such as fire, theft, or natural disasters.
- Liability Cover: Protects you against lawsuits and other legal claims related to your property and business operations.
- Business Interruption Cover / Loss of Rental Income: Helps to cover your expenses and lost income if your property becomes uninhabitable or your business is temporarily shut down due to a covered loss.
- Contents Insurance: Coverage for furnishings and equipment inside the property.
- Malicious Damage: Protection against damage caused intentionally by tenants.
What won’t Property Owners Insurance cover?
Property Owners Insurance may have exclusions, such as wear and tear, pre-existing damage, or damage caused by certain perils. It’s essential to review your policy for specific exclusions.
How much does Property Owners Insurance cost?
The cost of Property Owners Insurance varies depending on factors such as property type, location, coverage limits, and the number of properties you own. Request a personalised quote to determine the cost that suits your budget
How to get cheaper Property Owners Insurance?
To secure more affordable Property Owners Insurance:
Compare quotes from multiple providers
Consider increasing your excess
Maintain good property maintenance practices
What do I need to get a Property Owners Insurance quote?
To obtain a Property Owners Insurance quote, you’ll need:
- Property details, including address and type (residential, commercial, etc.).
- Information about the property’s construction and age.
- The sums insured you need to insure the property for.
- Details about any safety or security features in the property.
- Information on previous insurance claims (if any).
Other products that we offer…
Big enough to save, small enough to care.
Our staff are empowered to contact insurance companies and underwriters on your behalf, providing a truly personal service across the UK – with no call centres. We take the time to understand your insurance needs to find you the most suitable policy at a competitive price.
With a range of optional extras available, you can tailor your cover to suit your needs and budget. Finding cheap insurance has never been simpler. If you are local to Torbay, you can even pop in to our high street office on Union Street in Torquay and arrange your insurance with us in person.
