New landlords insurance infographic reveals the high price of claims

Posted: 4th Jun 2014

As part of their ongoing commitment to providing useful information in plain English, specialist niche insurance broker Cover4LetProperty.co.uk have added a new infographic to their website highlighting information and data from the world of landlords.

For example:

  • in 2011, the most common claim under a landlords insurance policy from Cover4LetProperty was for escape of water and for an average amount of £2,786;
  • subsidence claims in the same period averaged out at £13,545 per claim (making this element of cover well worth having);
  • an average landlord insures their property for £145,000 at a premium of £208 (which includes malicious damage and subsidence cover as standard – not all policies offer these).

Richard Burgess, Director at Cover4LetProperty, commented: When we put together our infographic, it really brought home just what good value our policies are. With the average annual premium being a little over £200 and the average claim amounts running well into thousands of pounds (depending on the type of claim it is), it further endorses how cheap getting peace of mind can be.

Visit www.cover4letproperty.co.uk to view the infographic, or call the Cover4LetProperty team free on 0800 970 7172 for landlords insurance information.

Contact: Richard Burgess, MCIM, Director at Cover4LetProperty, telephone: 0845 863 9558 or email: richardb@alanblunden.co.uk

About Cover4LetProperty

With roots going back to 1946, our clients can benefit from 65 years’ of experience in the landlord insurance marketplace. We are award-winning independent intermediaries and act on behalf of our clients in arranging their buy to let and unoccupied property insurances. Our service includes advising clients on their insurance needs, arranging insurance cover with insurers to meet those requirements and help with any ongoing changes that have to be made to their landlords insurance policies.

In 2011 we were proud to beat off some stiff competition for the award for Best Landlord Insurer in the prestigious The Money Awards.