What is the maximum amount of claims you can make on the policy?

Posted: 4th Jun 2014

There is no limit to the amount of claims you can make on your landlords insurance policy.

Do note, however, there are two things to take in to consideration if you have to make frequent claims on your insurance:

  • every time you make a successful claim, you will be liable for the excess amount. This is the amount that you agree to pay towards any claim and would have been agreed at the time that you took your cover out.

For example if you make a claim on your policy for £1,000 worth of damage and your policy excess is £500, then in the event that your claim is valid, you will receive £500 (as you have agreed to pay the first £500 towards the claim).

  • if you make several claims on your policy in one year, you may find that the following year your premiums may increase. You may also lose any no claims discount (NCD).

At Cover4LetProperty we do understand that sometimes having to make claims is unavoidable – and that is why insurance exists. To keep your premiums manageable, however, you may wish to avoid making “smaller” claims. So, using the example above, if you make a successful claim for £600, after you have taken the excess away, you will get £100. In cases like this, you may wish to cover the additional cost yourself in order to keep your insurance premiums for the forthcoming year at a more attractive rate.