Boiler Insurance For Landlords
When you as a landlord decide to take out boiler insurance for landlords, there are three different types that you can consider for residential properties. Ranging in price, the three that will be listed here today are regularly taken out by small to medium sized property investors, buy to let landlords and residential landlords who have multiple property portfolios. With this in mind there of course can be a genuine need for different levels of cover to meet your specific requirements as a landlords or property investor.
With a staggering amount of homes, both leased and privately owned that rely on boilers to provide heating and hot water supplies, you can instantly see how important taking the right precautions against boiler problems. The figures stand at over 22 million households within the UK that rely on gas boilers as their only source of hot water and central heating. That is quite a number and with many standard insurance policies not usually covering boiler breakdowns, many are left with expensive and laborious repair bills and much inconvenience. This is one reason why landlords really need to consider taking out expert boiler insurance.
By far the cheapest option would be to purchase boiler only insurance where if applicable as many insurance providers offer only comprehensive cover as an additional part of your landlord insurance policy. Boiler only insurance can offer good cover against breakdowns or failure of the boiler and/or heating controls. Although possibly the cheapest possible policies, they work well if you develop an issue with the boiler or thermostat heating controls. Unfortunately there is where the cover ends. There is no annual service included, just a call out from a registered gas engineer to locate and if possible fix the problem.
As you may know to remain effective and operate for the longest period, every boiler should have an annual service carried out by a trained and qualified CORGI gas safe certified engineer to meet safety legislations and requirements. Even once a year, call outs for routine checks can cost upwards of £60-£100 and that is before finding any faults or the need to replace worn parts to keep your boiler in good working condition. There is a second type of boiler insurance for landlords which includes annual servicing. In most cases the price of the policy premiums can often be cheaper than what it would cost to pay for the annual servicing and any parts and labour.
This is usually an option favoured by the majority of landlords who require the legal certificates to say that their property’s gas central heating is in safe and full working order. After all, you do not want to be faced with the legal and emotional consequences that may occur due to faulty or dangerous gas boilers. There are again many insurance companies who offer professional and specific insurance policies for landlords that cover boiler and central heating issues. Letprotector.co.uk is one such expert landlords insurance provider who can really offer you terrific deals on landlord boiler insurance. Their aim and that of many other niche insurance specialists is to give you the right insurance policies at competitive and cost effective rates. Letprotector.co.uk have years of experience and understanding of the areas they cover, providing expert assistance and unbiased advice and guidance, talking you through your application to give you the perfect protection.
To round off then there is one more common option when choosing boiler insurance or landlords. This is the boiler insurance that combines protection against breakdowns, servicing on a yearly basis and cover for your property’s central heating system. A comprehensive cover plan, this type of insurance offers full protection against boiler malfunctions, repair bills and spare parts up to a certain cost and repairing any faults with radiators, leaks within your heating system and similar issues such as temperature thermostat replacement or repair. The ideal choice, this option has higher premiums but when you need that extra cover will make taking out your insurance policy worthwhile.
Whatever you choose to do, you can remain safe in the knowledge, that you are taking the right steps to protect your investment and are ensuring the safety of your tenants against troublesome and costly breakages from affecting your income.
