Landlord insurance in Gloucester

Gloucester spreads along the Severn, a cathedral city of Victorian terraces, docks apartments and a rental market shaped by the river that has flooded it before. Here the question is not only whether a loss is covered, but for how long.

Where the risks come from for Gloucester landlords

A serious flood or fire does not put a let out of action for a fortnight; it can be uninhabitable for the better part of a year while it is dried, stripped and rebuilt. If the policy's loss-of-rent period runs out before the tenant can return, the landlord carries the remaining void alone.

A Gloucester example

A terraced let near the docks is flooded and needs a full strip-out, drying and refit, taking around ten months. The buildings claim is met, but the policy caps loss of rent at twelve months, only just enough. Had it been a shorter period, common on cheaper policies, the landlord would have lost months of rent with no cover.

What landlord insurance covers

Loss of rent, and the cost of housing a tenant elsewhere where the policy provides it, is as important as the buildings sum after a major claim, and the length of the indemnity period is what counts. Set alongside full buildings cover and property owners' liability, it keeps a long repair from becoming a financial one.

Placing it in Gloucester with Apex

We look hard at the loss-of-rent period, because on a flood-exposed property it is the difference between a covered year and an uncovered one. Apex arranges Gloucester lets with realistic indemnity periods, through one broker and a spread of markets. FCA authorised, broking since 2009.

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