Insurance
DISCOUNTED BUILDINGS INSURANCE FOR GUILD MEMBERS
One of the best ways to achieve the best rates of insurance for buildings and contents on rented properties is to join a landlords association because of their massive buying power. Obviously you need to take into account the annual subscription fee of the association. In the Guilds case, this is £70.00 per annum (private landlords and couples). In addition to getting great rates of insurance, we also offer a whole wealth of other services.
PREMIUM COSTS
Buildings Cover - Residential
£1.20 per thousand if total portfolio up to £1m
£1.05 per thousand if total portfolio up to £3m
£1.03 per thousand if total portfolio £3m+
Contents - Residential
Definition of buildings includes landlords contents, so price is same as buildings.
Buildings Cover - Commercial
From £1.75 per thousand
COMPARISON TABLE
The details are accurate to the best of the authors knowledge and belief and were taken from all appropriate websites on 17 April 2007. The insurance quote was based on the same property, same circumstances etc. Policies differ slightly so you should check policy documents for a full accurate comparison (although from the research carried out, the Guild policy contained all similar details plus extra benefits)
| Cost of buildings insurance on normal 3 storey house let to students, £100,000 rebuild, £250.00 excess. Inc. IPT. Usual liability, malicious damage etc. (postcode was HG1 but with Guild policy postcodes make no difference) | Guild of Residential Landlords £120.00 if total portfolio under £1m £105.00 if total portfolio £1m+ £103.00 if total portfolio £3m+, |
NLA £150.97 (£500.00 excess) |
RLA £181.44 |
NFRL (formerly SPLA) £148.00 (based on £1.48 per thousand on website info) |
What are the benefits?
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What next? For more information on the insurance facility please contact the following: Elaine Perry Account handler Tel: 0161 935 2834 eperry@heathlambert.com
Heath Lambert Real Estate
Tel: 0161 935 2935 |
The Guild of Residential Landlords are an Introducer Appointed Representative of Heath Lambert Limited, an insurance intermediary authorised and regulated by the Financial Services Authority. Heath Lambert Limited is bound by its rules in the conduct of its general insurance mediation activities. Details of Heath Lambert Limited’s authorisation (registration number 312030) can be checked by visiting the FSA’s Register which can be found on the website http://www.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234.
Please note that as an Introducer Appointed Representative of Heath Lambert Limited The Guild of Residential Landlords can only refer your name and contact details to Heath Lambert Limited. We are not able to give you advice on any general insurance products or the Heath Lambert Limited services.