When things break down, it costs money, it’s that simple. Landlords can take advantage of a great type of insurance called landlord emergency assistance cover.
This cover is a gods send to landlords as emergencies usually happen out of the blue, and if you don’t have this cover, you’ll be running around repairing things yourself and paying for them out of your own pocket.
When you take out this cover, you’ll be able to claim the policy, 24 hours, 7 days a week and that’s the beauty of this policy.
Let’s take a closer look at emergency assistance insurance for landlords.
What types of emergencies are covered?
Burst pipe work, oh dear!
In the winter, burst pipe work is a major problem, financially and emotionally. This is a major headache for landlords when you have tenants occupying their let property.
This policy will pay for an engineer to come out and look at the damage; they will make the repair on a temporary or permanent basis, depending on the fault and damage.
Your boiler and central heating
If you boiler goes, problems are inevitable. The landlord would have to pay for this if they didn’t have this cover and it could cost a few thousand to repair.
If your property gets broken into, what do you do?
Again, having this cover will sort out any repairs that need done for doors, windows and locks when they are forced open and damaged is beyond repair. If any damages within your property have taken place, the insurers will cover your contents too.
Loss and failure of your mains water, gas or electricity supplies
In very rare circumstance, your water, gas or electricity supplies could get damaged due to winter freezes. Replacing this yourself would not be a responsibility you would like to take on yourself, trust us.
What if my keys are stolen?
Stolen keys are a problem for landlords and emergency locksmiths can cost a bomb. If you have to call an emergency locksmith out, you’ll be charge a small fortune if you don’t have the right insurance in place.
That’s how locksmiths make money, on emergency calls, if the landlord doesn’t have the proper insurance to cover the costs.
Infestation of pests
Pest control companies are brilliant at what they do, their trained to deal with things like wasp’s nests, bee’s nests and ant farms, even wild bird control to name a few.
You don’t want to tackle this problem, let the experts take control of this and let the insurance company pay for it with landlord emergency assistance cover.