April 2025
Owning property comes with a host of responsibilities – and one of the most important is making sure you have the right insurance in place. Whether you’re a residential landlord, commercial property owner or manage a portfolio, understanding your cover is crucial to protect your investment. This is where the expertise of a trusted insurance broker, like Wilsons, becomes invaluable.
Understanding the Risks
Property owners face a variety of risks, from storm and flood damage to tenant disputes, vandalism and loss of rental income. In recent years, increasing claims related to escape of water and fire have also driven up premiums and tightened policy wording. Understanding what’s covered – and more importantly, what isn’t – is essential to avoid being left exposed.
Some key considerations include:
- Buildings insurance: Covers the structure of your property against perils such as fire, flood, storm, and subsidence. Ensure the rebuild cost is accurate – not just the market value.
- Landlord liability: Protects you if a tenant or visitor suffers injury or property damage and you’re found legally responsible.
- Loss of rent: If your property becomes uninhabitable after an insured event, this cover helps protect your rental income.
- Unoccupied property cover: Properties that are empty for more than a set number of days often need special provisions to remain insured.
- Legal expenses and rent guarantee: Optional but often worthwhile, especially in a challenging rental market.
How we can help
At Wilsons, we understand that no two properties – or property owners – are the same. With decades of experience advising clients across the UK, we offer personalised and professional support to help you navigate the complex insurance market.
Using a broker means:
- Access to tailored cover: We work with a wide panel of trusted insurers to source policies that are right for your specific needs.
- Expert advice: Our team ensures you understand the terms of your policy and can identify any gaps in cover before they become a problem.
- Time and cost savings: We compare quotes, negotiate on your behalf, and manage the paperwork, so you can focus on what matters most.
- Responsive support when you need it: In the event of a claim, we’re on hand to guide you through the process and support you – we’ll fight your corner.
Supporting Long-Term Value
Whether you’re managing a single buy-to-let or a growing portfolio, insurance isn’t just a tick-box exercise – it’s a key part of safeguarding the long-term value of your investment. At Wilsons, we pride ourselves on offering trusted expertise and a commitment to service excellence that puts our clients first.
For more information on how we can help protect your property interests, just email [email protected] and we’ll get in touch.