It is critical as a landlord to ensure that all boilers and central heating systems in your properties are operating efficiently and effectively. There are numerous ways to ensure that your properties are properly heated, and it is never too early to consider landlord boiler insurance to protect yourself and your tenants. In our guide, we discuss the significance of landlord boiler cover and property insurance.
THE SIGNIFICANCE OF LANDLORD BOILER INSURANCE
Landlord insurance is essential, especially if you rely on rent from your property and don’t want to be saddled with large repair bills. Other factors to consider include being held liable if a tenant is injured on your property or potential damage caused by a house fire or flooding. Having landlord boiler cover insurance can provide you with access to a helpline and, in some cases, unlimited call outs to engineers for routine maintenance and emergencies.
BENEFITS OF LANDLORD BOILER INSURANCE
Landlord insurance protects you as a property owner against any potential financial losses incurred as a result of the property you are renting out. It also protects the building and covers risks such as injury or loss suffered by a tenant as a result of property flaws.
The most important advantage for a landlord is having landlord insurance to protect yourself and your tenants from damage and accidents. Most landlord insurance plans include boiler coverage and replacement insurance, which can help you save money over time. Because your rental property is a significant investment, you should think about protecting it with appropriate landlord insurance. A standard home insurance policy may not provide the landlord boiler cover insurance you require for your property.
When your boiler breaks down, boiler insurance can help you cover the cost of replacing or repairing it. It can also be added to your landlord insurance policy, or you can purchase boiler insurance separately. Your boiler insurance covers a gas safety inspection as well as an annual boiler service, which is legally required every year.
LANDLORD BOILER PERMIT
To ensure your tenants’ safety, all gas appliances and flues must be inspected annually by a Gas Safe registered engineer. After this is completed and your appliances are deemed safe, you will be given a Landlord Gas Safety Record or Gas Safety certificate detailing all of the checks that were performed. A CP12 certificate is another name for this. Gas safety checks can be scheduled from 10 to 12 months after the last check, without affecting the original check expiry date.
SERVICE FOR BOILERS
There are numerous ways to ensure that your boiler is operating properly. The first step in boiler maintenance is determining the type of boiler in your home; there is a handy guide for this. Other recommended procedures include ensuring that tenants keep their boilers running all year (especially during the winter), ensuring that the boiler flame is blue, and bleeding your radiators a few times a year. When you purchase boiler insurance from HomeServe, you will receive a free boiler service during your first year of coverage.
INSURANCE FOR LANDLORDS
An insurance policy is a contract between the insurer and the insured, also known as the policyholder, that specifies the claims that the insurer must pay under the law. Landlords should also have landlord liability insurance, which is a type of public liability insurance that protects landlords from compensation claims made by a third party, whether that party is a tenant, visitor, or tradesperson. Many landlord insurance policies include this provision.
For example, if a tenant is injured or their property is damaged and decides to blame you and your property, landlord liability insurance will cover any legal fees and compensation (medical fees or lost income, for example) up to the limit of your agreed policy.
Accidents happen, and sometimes the smallest thing, such as a loose carpet or a faulty plug socket, can cause a major problem, so it is critical to have liability insurance in place.