Letprotector, a specialist unoccupied property insurance provider is warning inexperienced landlords of the hazards of uninsured residential and commercial property.
Online PR News – 31-July-2011 – – Letprotector, a specialist unoccupied property insurance provider is warning inexperienced landlords of the hazards of uninsured residential and commercial property. The company is building awareness by offering affordable unoccupied property insurance policies to property owners and managers.
Surprisingly, many landlords think that their standard property policies will cover an empty building. In almost all instances this isn’t the case, there are restrictions and the cover can be severely limited. If a property is going to be vacant for more than 30 consecutive days, it could be time to speak to your insurer.
The Letprotector policy covers property owner’s liability, which is necessary should a third party injure themselves whilst on the property.
There's protection from other crippling expenses too, such as loss of underground services, burst pipes, damage to cables and more.
Having an unoccupied, unfurnished property can attract the attention of squatters and vandals. With the property left unchecked, it can be months before a problem is discovered. It is a well known fact that some insurers load premiums because of this increased risk. Property owners could be forgiven for thinking that because there is less to steal or damage, the overall premiums should be lower.
So if you work abroad or have a holiday home what can you do to protect it without astronomical premiums and imposed restrictions?
Contact an unoccupied property insurance specialist who has a detailed understanding of the risks, and can take a more balanced view toward providing a quote. Tracking claims statistics on a regular basis is critical to having a grasp of the types of incidents that are more frequent. And a good underwriter should always be able to provide sound advice on the best course of protection.
With a passion for delivering a first class insurance and claims handling experience, Letprotector is committed to providing high quality services to landlords and let property owners.
Affordable unoccupied property insurance is available immediately at the Letprotector website.