Landlord insurance in Shrewsbury

Shrewsbury sits inside a great loop of the Severn, and the river floods the town often enough that flood cover is the first thing on a landlord's mind here. What catches many out is that the safety net protecting homeowners does not extend to them.

Where the risks come from for Shrewsbury landlords

Flood Re, the scheme that keeps flood cover affordable for households in high-risk areas, generally does not cover buy-to-let and landlord property. That leaves landlords in flood-prone streets to find cover on the open market, where flood terms, excesses and premiums can be steep.

A Shrewsbury example

A landlord with a riverside Shrewsbury let assumes flood cover will be straightforward, only to find that, because the property is let rather than owner-occupied, it falls outside Flood Re. Finding proper flood cover then depends on the open market and how the risk is presented, which is where a broker's knowledge of who will write it becomes decisive.

What landlord insurance covers

For a landlord in a flood area, the key questions are whether flood is covered at all, at what excess, and through which market, since the household safety net generally will not apply. Around flood sit the standard perils, property owners' liability and a loss-of-rent period long enough for a flood repair.

Placing it in Shrewsbury with Apex

Flood-exposed lets are exactly where an experienced broker earns their fee, knowing which insurers will cover a property Flood Re will not. Apex places Shrewsbury riverside lets through one named contact and specialist markets. FCA authorised; established 2009.

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