Landlord insurance in Aberdeen

Aberdeen's lettings market runs on the energy sector — professional flats for oil-and-gas staff, alongside student lets and the granite tenement flats that make up much of the older housing stock. Demand and rents track the industry's cycles.

Where the risks come from for Aberdeen landlords

For an Aberdeen landlord the claim that recurs is escape of water — the older granite tenements carry ageing pipework, and a burst or a slow leak between flats can damage the building and the flat below before anyone notices. Void periods that follow an energy-sector downturn, and the wear of professional lets, sit alongside.

An Aberdeen example

A landlord's tenement flat suffered an escape of water when a supply pipe failed in the flat above and ran down through the building; the reinstatement of ceilings, decor and flooring, plus lost rent while the flat was uninhabitable, made the claim.

What landlord insurance covers

Landlord insurance for an Aberdeen property centres on buildings cover at full reinstatement value, loss of rent while the property is uninhabitable after an insured event, and property owners' liability to tenants and visitors. Malicious and accidental damage by tenants, contents for furnished lets, and cover for void periods can be added.

Placing it in Aberdeen with Apex

Apex arranges Aberdeen landlord cover as an FCA-authorised commercial broker (FRN 724952), broking since 2009. Access to more than 30 markets, Lloyd's included via wholesale relationships, means tenement, HMO and professional-let risks can be placed with insurers who understand them.

Related

• Commercial property insurance Aberdeen
• Business insurance Aberdeen
• Public liability insurance Aberdeen