Landlord insurance in Newbury
Newbury is an affluent Berkshire market town, and many of its lets come with more than the main house, a converted annexe, a home office, a garage or garden studio. Those extra structures are easy to let and easy to leave out of the cover.
Where the risks come from for Newbury landlords
Outbuildings, annexes and garden offices are often overlooked when a policy is set up, so their rebuild cost is left out of the buildings sum, or they are simply not declared. If one is damaged, or if the under-declaration triggers the average clause, the owner faces a shortfall.
A Newbury example
A fire destroys a converted garden studio let alongside the main house in Newbury, a structure never separately declared to the insurer. Because the outbuilding was not included in the sum insured, the claim for it is met only in part, if at all, and the owner covers the balance of rebuilding it.
What landlord insurance covers
The buildings sum insured has to include every structure on the site, outbuildings, annexes, walls and gates, not just the main house, so cover responds and the average clause does not bite. Property owners' liability and loss of rent then apply across the whole property.
Placing it in Newbury with Apex
We make sure everything on the plot is described and valued, so an annexe or studio is covered rather than quietly excluded. Apex arranges Newbury lets through one broker and insurers used to properties with extra structures. Regulated by the FCA; established 2009.
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