Landlord insurance in Scarborough

Scarborough is a grand old Yorkshire seaside resort, and a large part of its lettings market is holiday accommodation rather than long-term homes. For a holiday let, the income does not come as monthly rent but as a season of bookings, and that changes what a landlord stands to lose.

Where the risks come from for Scarborough landlords

When an insured event, a fire, a flood, a burst pipe, puts a holiday let out of action, the loss is not a tenant's rent but a run of cancelled bookings across the busy weeks. A standard buy-to-let policy's loss-of-rent cover does not reflect how a holiday let actually earns.

A Scarborough example

A burst pipe floods a Scarborough holiday flat in early summer, and it cannot be let for two months of peak season while it is repaired. The lost bookings run to thousands. Holiday-let cover with loss of income, rather than ordinary loss of rent, meets the earnings the property would have made.

What landlord insurance covers

A holiday let needs cover that replaces lost bookings, not just a notional monthly rent, alongside buildings cover on a short-stay basis, landlord's contents and public liability for guests. Matching the cover to how the property earns is the whole point.

Placing it in Scarborough with Apex

We insure holiday property for what it actually loses when it cannot be let, which an off-the-shelf policy rarely does. Apex arranges Scarborough holiday lets through one named broker. FCA authorised; established 2009.

Related

• Commercial property insurance Scarborough
• Business insurance Scarborough
• Public liability insurance Scarborough