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Residential Let Property Insurance

Residential Let Property Insurance

When you let residential properties, you are not only responsible for the buildings but also for the tenants who live in them. Being a landlord is therefore extremely time-consuming, so the last thing you need is to find out too late that your residential let insurance is not protecting you properly.

 

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Nova Insurance

What is Residential Let Property Insurance?

Residential Let Property Insurance is designed to protect landlords who rent out properties such as houses, flats, or apartment blocks to tenants. Whether you own a single rental property or manage a larger portfolio, this type of insurance helps safeguard your investment against risks such as property damage, rental income loss, and liability claims.

Unlike standard home insurance, residential let insurance is specifically tailored for rented properties. It can protect against events such as fire, flood, storm damage, vandalism, and accidental or malicious damage caused by tenants. It can also include property owners’ liability cover, which protects you if a tenant or visitor is injured on your property.

Nova Insurance has worked with several high-profile insurance providers over the years, including AXA, Aviva, Zurich, and Ageas, helping us arrange residential let insurance policies for a wide range of landlords. We understand that every landlord and property portfolio is different, which is why we focus on finding a bespoke residential let insurance solution to suit your individual needs.

Residential Let Insurance Frequently Asked Questions

Residential Let Insurance Frequently Asked Questions

Here are some frequently asked questions that you may find useful when getting a quote for or purchasing a residential let insurance policy.

How can Nova Insurance help?

If you are unsure which type of residential let insurance would be suitable for your property portfolio, then make sure you get in touch with one of our customer service team members, who will be more than happy to help. You can also ask them more about getting a quote online.

How can i compare quotations?

One of the great things about Nova Insurance is that you can compare a range of residential let insurance policies to ensure you get the right one. Residential let insurance policies can include numerous extras, such as rent guarantee and unoccupied property cover. With the property and private rental markets constantly fluctuating, it’s comforting to know that you have a safety net should your business ever need it. Don’t delay in securing your business’s future and fill out our online quote form today

What is a Residential Let?

A residential let is exactly what it says on the tin: a property let as a residence to a tenant. It therefore cannot be used for business purposes and must comply with the government’s Health and Safety regulations. Landlords are under increasing pressure to keep their tenants safe, which is where residential let insurance can help. If natural causes or your tenants damage your property, you will be safe in the knowledge that you won’t have to pay for repairs on your own, and certain residential let policies will even cover the cost of rehousing your tenants should they need to vacate the property for a substantial period of time. To find out more, fill in our quote form today.

Are Nova Insurance regulated?

The Financial Conduct Authority fully regulates Nova Insurance and our panel of UK insurance providers. So why not start by filling out our form today to see if we can help you save money on your next insurance quote or policy?

What is Insurance Premium Tax (IPT)?

Insurance Premium Tax (IPT) is a tax on general insurance premiums, introduced by Kenneth Clarke in the 1993 Budget, and set by the Government. All quotes and premiums will include IPT at the current rate.

Who are Nova Premium finance?

The Financial Conduct Authority regulates Nova Premium Finance Ltd under firm no. 716933. Nova Premium Finance’s FCA registration can be checked at https://register.fca.org.uk. Nova Premium Finance Ltd is an authorised credit lender that charges interest on monies lent. Nova Insurance and Nova Premium Finance are not the same company, but do operate under a linked arrangement.

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