Building & Contents Insurance

It is of course discretionary to have adequate insurance cover for your contents and buildings, but we would strongly urge you to ensure that your property is properly and sufficiently insured. We would recommend that you write to your insurance company (ies) to ensure that you have cover for fire, contents, Property Owners Liability risks and most importantly that they will continue to cover you for accidental damage as this is a common omission from ordinary policies. If possible we ask you to provide us with details of your insurance cover in order that we can discuss with your tenants their own liability for accidental damage and personal possessions. We are able to offer you contents and buildings insurance which is aimed specifically at landlords and could afford you cover peace of mind.

Contents and Buildings insurance can prove to be difficult to arrange for someone who has decided to let out their house. Occasionally an insurance company is prepared to provide limited cover with strict terms and conditions imposed usually stating the fact that they will not cover Accidental damage. nor will they normally cover properties that are unoccupied. But not all policies are the same. We can organize a competitive quote for you via FCC Paragon with Zurich Insurance Plc.

This insurance covers the cost of rebuilding your home following loss or damage caused by the key risks such as fire, theft, aircraft, lightning, escape of water, storm, earthquake, riot/civil commotion, flood and subsidence. Full details are available.

We are pleased to be able to offer all of our landlords a free on obligation quote for their insurance needs provided by FCC Paragon.

Contact Us On (01245) 495388 to request a proposal form or brochure. We can also provide you with a link via email for you to get your no obligation quote.

Rent Protection Insurances

Whilst every care is taken to thoroughly check potential tenants, it is not possible to foresee things such as redundancy, illness or marital breakdown. These kinds of events can place a terrible strain on any family’s budget and inevitably leave them in financial difficulties, making it difficult to meet their rental obligations.

We would be happy to discuss our Legal & Rent Guarantee Policies with you in more detail to ensure that you find the right product for your requirements.

Contact Us On (01245) 495388 to request a quote or brochure.

We are pleased to work with FCC Paragon who administer a full range of Landlord Legal, Rent, Buildings & Contents insurances designed to be competitively priced.

Summary Of Covers Available

Smart Rent Protection

• Covers loss of rent up to £3000 per month should a tenant fall into arrears
• Covers loss of rent for up to 4/5 months (the first months rent should be paid in advance so will not be covered) on a 6 month warranty the client is covered for up to 4 months arrears, and up to 5 months arrears on a 12 month warranty.
• Covers legal expenses authorised/incurred by FCC Paragon, including costs to obtain vacant possession following non payment of rent (total benefit up to a maximum of £25,000
• Available for 6 or 12 month periods (depending upon length of tenancy agreement) and can be easily renewed.
• All tenants/Guarantors if applicable must undergo and pass FCC Paragon’s full tenancy reference.
• 1 Months Rent Excess

 Smart Rent Protection Plus

• All the same benefits as Smart Rent Protection but with no excess

Superior Rental Protection

Superior Rental Protection is a rental warranty product, designed by FCC Paragon to give landlords complete peace of mind when letting out their investment property.

A tenant defaulting on rent is a potential problem all landlords can be faced with. This product provides cover for legal costs and proceedings when a tenant fails to perform their rental obligations under the Tenancy Agreement, as well as covering the landlord for rental arrears should a tenant default.

How Does It Work?

For example: The landlord takes out Superior Rental Protection and the tenant moves into the property on 1st January on a 6 month contract, after undergoing and passing FCC Paragon’s full tenancy reference. (All Tenants & Guarantors if applicable must undergo and pass FCC Paragon’s full tenancy reference).

The tenant then pays rent on time each month until being made redundant on 1st April. In result, the landlord decides to make a claim under their warranty contract (within 31 days). The Superior Rental Protection then pays out the rent to the landlord as the tenant is unable to make any further payments, and the council are stating they will not house the tenant until they are evicted.

Once the 6 month contract ends the landlord renews the Superior Rental Protection Warranty, the landlord then continues to get their rent as well as the legal costs paid for the months in which it takes to evict the tenant.

• Covers loss of rent up to £4,000 pcm should a tenant fall into arrears
• Pays up to vacant possession, even if the tenancy agreement has ended, as long as the warranty remains in place and is paid as per wording in the terms & conditions and Renewal Notice
• Covers Legal Expenses for eviction proceedings following correct issue of Section 21.
• Covers the first months unpaid rent meaning there is no exclusion period.
• Transferable contract available if Tenants vacate and you have remaining months left on the warranty you can transfer the benefit on to the new tenancy agreement (subject to full terms & conditions and Transfer guidelines)
• Covers Legal Expenses authorised/incurred by FCC Paragon including court costs to obtain vacant possession following non payment of rent (Total benefit up to a maximum of £25,000)
• Available for 6 or 12 month periods with the ability to purchase a 6 month warranty on a 12 month tenancy.
• Tiered pricing options ensuring you only pay the appropriate amount of cover
• Simple Processes and can be easily renewed.