Landlord insurance in Guildford

Guildford is affluent Surrey, with high property values, university tenants and professional lets in homes finished to a standard well above the average. When something goes wrong in a high-value let, the repair bill scales with the finish.

Where the risks come from for Guildford landlords

The commonest expensive claim here is water. A burst pipe or a failed appliance in a property with a bespoke kitchen, engineered flooring and fitted joinery does not cause a modest repair, it causes a large one, because everything it damages costs a great deal to replace.

A Guildford example

A concealed pipe fails in the ceiling of a high-value let and soaks the floor below overnight, ruining engineered oak flooring, a fitted kitchen and decorated walls. The escape-of-water claim runs to a substantial five-figure sum, far more than the same leak would cost in a standard property. Full buildings and contents cover meets it.

What landlord insurance covers

For a high-value let, the sums insured for both buildings and any landlord's contents have to reflect the real cost of the specification, not a rule-of-thumb figure. On that basis, escape of water and the other perils, property owners' liability and loss of rent all respond to the property's true value.

Placing it in Guildford with Apex

High-value property needs sums insured and cover built around the actual specification, which is exactly the kind of risk we place every day. Apex arranges Guildford lets through one named broker and insurers comfortable with higher values. Authorised and regulated by the FCA; established 2009.

Related

• Commercial property insurance Guildford
• Business insurance Guildford
• Public liability insurance Guildford