Freeholder building insurance
Peace of mind for freeholders. Specialist cover for a wide range of properties from Protect My Let – also part of Howden.
What does freeholder building insurance cover?
There are various elements of cover included with freehold insurance. With Protect My Let – also part of Howden – some of these include:
Home emergency cover
With boiler cover from £86
Cover for malicious damage by tenants
Peace of mind with protection against malicious damage
Accidental damage cover
Cover for accidental damage by your tenant.
Legal and tenancy eviction
Covers costs related to removing tenants.
What is freeholder building insurance?
Freehold buildings insurance is specialist cover that protects against the risks you face as a freeholder. It covers a variety of property types such as maisonettes or blocks of flats.
Freeholder building insurance will usually cover the structure of the building but can also include other elements of cover like home emergency, accidental and malicious damage, extended unoccupancy, legal expenses and more.
Get a quote today from Protect My Let – also part of Howden.
Frequently asked questions
Looking for more information about freeholder building insurance? Check out our FAQs.
Is freeholder buildings insurance a legal requirement?
Freehold buildings insurance is not a legal requirement but might be a condition of your mortgage agreement.
Despite not being required by law, having cover in place is usually a sensible option to protect your investment and reduce the risk of you needing to pay out of your own pocket should an issue arise.
Is the freeholder responsible for building insurance?
Buildings insurance is typically organised by the freeholder of a property. However, it’s not uncommon for cover to be arranged by a third party. This could include a ‘right to manage’ company (or residents’ association) or a managing agent who is appointed by the freeholder.
What insurance do I need as a freeholder?
If you are the freeholder of a property, you will need freeholder building insurance. It’s best to be as specific as possible when it comes to insurance, to make sure your unique needs are covered.
Freeholder building insurance will include buildings cover for the structure of your property, plus other types of cover such as home emergency, accidental and malicious damage and more.
Protect My Let – also part of Howden – can talk through your requirements and help you understand the extent of cover you need.
What about joint freeholder building insurance?
If you share the freehold with others, then you need joint freeholder building insurance - where all freeholders are named as joint policyholders.
This is where it pays to use an insurance provider with a skilled team of real people – who can talk through more complex requirements rather than send you to an online form.
Interested in freeholder building insurance?
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