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
£1.23 per thousand if total portfolio up to £1m
£1.08 per thousand if total portfolio up to £3m
£1.05 per thousand if total portfolio £3m+
The above includes IPT @ 5%
If a claim has been made in the last 2 years including and above £1500.00, there is an additional 25% added to the premium.
Contents - Residential
Definition of buildings includes landlords contents, so price is same as buildings.
Buildings Cover - Commercial
£1.80 per thousand if total portfolio up to £1m
£1.58 per thousand if total portfolio up to £3m
£1.53 per thousand if total portfolio £3m+
The above includes IPT @ 5%
If a claim has been made in the last 2 years including and above £1500.00, there is an additional 25% added to the premium.
What are the benefits?
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What next?
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Kabir Miah
Heath Lambert Real Estate |
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.
