Landlord insurance in Exeter
Exeter is a university city with a rental market to match, from student houses around the campus to professional lets in the Georgian streets and newer flats by the Exe. For many landlords here the biggest risk is not to the building at all, but to the rent.
Where the risks come from for Exeter landlords
Student and young-professional lets turn over quickly, and a tenant who stops paying can take months to move on through the proper process. Through that time the mortgage still falls due, and a summer void between academic years can stretch an unlucky landlord's finances further still.
An Exeter example
A tenant in an Exeter let loses their job and falls into arrears, then stops paying altogether. Recovering possession lawfully takes the best part of five months, during which no rent comes in and legal costs mount. Rent-guarantee and legal-expenses cover meets the lost rent and the cost of the possession action, rather than the landlord carrying both.
What landlord insurance covers
Beyond the bricks and mortar, a landlord policy can carry rent guarantee and legal expenses, which answer for exactly this: a defaulting tenant, the arrears, and the legal cost of getting the property back. Alongside the usual buildings, liability and loss-of-rent-after-damage cover, it closes the financial gap most landlords worry about.
Placing it in Exeter with Apex
We fit the cover to the letting, and for a student-heavy or higher-turnover book that often means adding rent and legal protection most standard policies leave off. Apex arranges it through one broker and a panel of insurers who know the market. FCA authorised, broking since 2009.
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