Landlord insurance in Glasgow
Glasgow's rental market runs on its tenements, red and blond sandstone blocks of flats from West End conversions to student lets across the city. Their construction sets a trap that catches out landlords who insure on the cheap: under-insurance.
Where the risks come from for Glasgow landlords
Rebuilding a stone tenement flat, as a share of a larger, listed-quality building, costs far more than its market value might suggest. Insure it for too little and the average clause bites, meaning the insurer pays only the proportion you were insured for, even on a partial claim.
A Glasgow example
A West End tenement flat, insured for a buildings sum well below the true cost of reinstating a share of the sandstone block, suffers serious fire damage to one room. Because the property was insured for around half its rebuild cost, the average clause applies and the insurer pays only half the repair. The landlord funds the rest.
What landlord insurance covers
The single most important number on a tenement policy is the buildings sum insured, which must reflect the full reinstatement cost, ideally from a proper assessment, not a guess. Get that right and the standard perils, property owners' liability and loss of rent all respond as they should.
Placing it in Glasgow with Apex
We start by getting the rebuild figure right, because on a stone tenement that one number decides whether a claim is paid in full. Apex arranges Glasgow tenement and student cover through one broker and insurers fluent in Scottish stone. Regulated by the FCA; established 2009.
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