Standard Let Landlord Insurance

Ashburnham provide standard let landlord insurance for “vanilla buy to let landlords”. Flexible, comprehensive, and cheap landlord insurance can be hard to come by, but with Ashburnham you can choose the level of cover you require using our online policy form.

What does Standard Let insurance cover?

We have a number of optional extras available to strengthen your policy. The most popular cover is landlords buildings insurance, as this is typically a landlord’s most valuable asset.

Buildings

Covers the financial cost of repairing a property’s structural damage. We cover both accidental and malicious damage as standard, in addition to environmental damage (e.g. flooding, storms, etc).

More about landlord buildings insurance

Contents

This cover will protect the landlord from the costs of repairing and replacing furnishing that have been stolen or accidentally damaged by tenants within the property.

More about landlord contents insurance

Malicious Damage by Tenants

Covers the cost of repairing any accidental or malicious damage caused by your tenants or their guests.

More about malicious damage by tenants cover

Rent Guarantee

Covers loss of rent by guaranteeing monthly rent payments for a maximum of 6 months, in the event that a tenant is in arrears and temporarily unable to pay due to their financial circumstance.

More about loss of rent insurance

Public Liability

Indemnifies the property owner against liability if a tenant, guest or member of the public is injured on the premises, including cover from the financial costs of any claims made due to negligence.

More about landlord public liability insurance

Legal Expenses

Indemnifies the expenses in pursuit or defense of any disputes connected to a landlord’s property that require legal protection.

More about legal expenses insurance

What is a Standard Let?

A standard let is one where the residential freehold property is let to a single household (which, for example, can consist of a single tenant or a single family) on one tenancy agreement. Also known as vanilla buy to let properties, they are a safe choice in a landlord’s portfolio as they fit the criteria of most mainstream mortgage lenders.

Most commonly these types of property will be terraced, 2 or 3 bedroom houses or converted flats, though other types of residential houses can also be considered standard let properties. When it comes to flats, however, they aren’t typically considered to be standard let if they are blocks of flats (more than 4 storeys high), and/or owned or managed by a housing association or the local council. These larger purpose-built properties are considered to be HMOs.

Standard lets (or vanilla buy to lets) are simple to manage as they will suit more “off the shelf” products. However, there is always a level of risk involved when it comes to any business, and unforeseeable accidents can occur no matter how otherwise standard the let.

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