Be careful not to be under-insured, as landlord's insurance (just like regular buildings insurance) is subject to something called 'averaging', which means your rebuild cover is pro-rata'd. Let's say the rebuild cost is £100,000 and you insure the property for £80,000. If the property gets £50,000-worth of damage and you make a claim, you won't get the full £50,000. Instead, the insurer will pay £40,000, and you'll have to pay the rest.
The Zurich service comes with plenty of added extras, including a free concierge service to help wealthy policyholders with the trials of everyday life, such as booking holidays and restaurants, as well as travel insurance and cover for marquees and any additional homes that they might need to insure.
Tags:
HOme and Auto Insurance
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