Rosey Broderick, Author at - Page 2 of 3
If your property is insured under a block policy i.e. an apartment, this policy will only cover liability arising from accidents in the common areas i.e. the hallways, stairways, landings etc. It will generally not cover accidents occurring inside the apartment.
To ensure you have liability cover within the apartment you must have (Landlord’s) Contents insurance, but check that it covers liab...
Standard Home Insurance is arranged where the owner lives permanently in the property. Such a ‘standard home insurance’ policy can be extended to cover certain ‘lets’, within the Insurer’s appetite. The policy will then generally extend to allow basic Loss of Rent cover as well as Legal Liability (Public Liability) to tenants or visitors to the property. However, given that the owner n...
Where you have purposefully, knowingly, deliberately or negligently misrepresented the material facts when applying for the insurance.
If there is a change in the material facts that takes the risk outside that which the Insurer would have contemplated and/or accepted at inception of the policy.
Where you have knowingly made a false or misleading claim on your policy.
Where you have c...
By virtue of the Residential Tenancies Act 2004, Landlord’s should have Property Damage and Public Liability cover in place for every unit they provide for private rented accommodation.
Types of Insurance Available
Apart from that, other insurances, which are mandatory, are those prescribed by a contract e.g. the terms of a mortgage or loan / the terms of a lease agreement. Either or b...
What your landlord insurance does (can) cover –
Fire, Storm, Escape of Water, Flood, Theft, Subsidence, Impact by Vehicle, Loss of Rent, Fire Brigade Charges, Glass, Trace & Access, Public/Property Owners liability, injuries to Domestic Employees.
What your landlord insurance does not cover – Wear & Tear, Gradual Deterioration, Theft by member of the household, Property in t...
Landlord insurance is a form of (packaged) property & liability cover for your property investment. Typically, Landlord insurance provides cover for all/most of the perils/risks that a home insurance policy does i.e. fire, escape of water, storm, flood, burst pipes, impact by vehicle, lightening, explosion, aircraft, accidental damage and more.
Landlord insurance will also generally extend ...
Build to Rent (BTR) Schemes have become an emerging sector in the Irish residential property market. Essentially they are purpose-built residential apartment block developments with associated amenities, examples of which are;
Concierge, often with office facilities
Laundry Collection / Delivery Service
Lounge area to include communal gathering areas, relaxing area...
All Risks Insurance
= Better Cover for Landlords & Property Owners
Essentially, insurance companies write two kinds of policies for home owners and small businesses:
named perils (also known as landlord insurance by home insurers) and
All-Risks (also known as ‘Property Owners’ insurance by some insurers / agents / int...
Driven by generational shifts and rapid changes in how we use technology, customers’ choice of how they purchase insurance products and services are shifting.
These changing customer preferences have resulted in a number of innovations, however the core needs which insurance services fulfil remain the same.
To provide peace of mind in the event of a claim.
The Insurance indust...
For More Info on Insuring your Property Undergoing Renovation with SA Faughnan Click Here
Renovation insurance is essential for anyone planning refurbishment, upgrading or extension works to their private house. Home Owners are unaware that they need to inform their insurer of upcoming changes before building work begins on the property. If you don’t and something unfortunate happens,...
