Emergency
Assistance Insurance - Landlords Emergency assistance cover is
usually available as an extension of a Landlords buy to let insurance policy.
It may not be possible to buy cover as a stand alone
product, you may have to buy a landlords buildings or landlords contents
insurance policy as a primary cover. This type of Insurance policy
covers the landlord in the event of a domestic emergency at the insured
address. Some Landlords buy Emergency Assistance cover and give the contract
details to their tenant and request that in the first instance, they telephone
the helpline direct in the event of an emergency. This can be a good idea
particularly if you are often abroad or indeed, you do not like being
disturbed in the middle of the night. Most policies are designed to
provide cover in the event of an unforeseen domestic emergency, which could
include any of the following;
Most insurers that
provide emergency assistance protection will try to get a contractor out to you in
less than 2 hours. The service usually operates 365 days of the year. Policies
will include a maximum limit (usually around £500) and it is typical not to
limit the amount of claims that can be made in anyone year or to impose any
form of policy excess. Some policies will also include an amount of up
to £100.00 for a nights stay in hotel if your tenants have to temporally have
to move out of the property. Of course as with most insurance policies,
Landlords Emergency assistance cover will not cover every eventuality. The
usual exclusions include;-
-
The contract is not
a maintenance contract, claims have to be as a result of an emergency
-
Wear & tear will
not be covered
-
Leaking hoses or
appliances fitted with a stop tap
-
Boilers over 10
years old or any boiler that has not been professionally inspected or serviced
within the last 12 months
-
Any external water
supply
-
Loss of Keys
-
Any damage to
boundary walls, hedges, fences or gates.
