Towergate Landlord Insurance

Whether you are a freehold or leasehold landlord for residential or commercial property  Towergate landlord insurance covers prices from 11 leading rental insurers.

The Towergate landlord insurance service provides cover for rental property portfolios as well as single properties.

Compare Towergate Landlord Insurance

You could also before you do so use the comparison tables below to look at the features of several different landlord insurance providers and click the links to get quotes.

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Different types of landlord’s insurance may offer cover for:

• Landlord building cover – insurance which will cover the cost of repairs or rebuilding work to the physical structure and permanent fixtures of your property from things such as floods, vandalism, storms and subsidence.

• Landlord contents cover – insurance covers things such as carpets, furniture and furnishings if you let a property as furnished. This will not provide cover for possessions that belong to the tenant.
• Landlord liability insurance – provides a minimum level of public liability, meaning that if a tenant is injured or killed on your property you will be protected from having to pay compensation.
• Employers liability insurance -In addition to landlord liability insurance, if you have employees working on your rental properties like cleaners or maintenance technicians then you may also want to consider employers liability insurance.
• Alternative housing cover – If an insured event happens that leaves your property uninhabitable for a period of time. This cover can pay for alternative housing for your tenants.
• Loss of rent insurance – If an insured event occurs that renders the property uninhabitable for a period of time this cover may be able to reimburse the loss of rent you incur as a result. If your property in uninhabitable due to a insured peril e.g. fire, weather or water damage then a good landlord insurance policy will cover you for this.
• Landlord Emergency cover – This will cover the cost of emergency repairs following incidents that need to be addressed as soon as possible like a burst pipe or gas leak. This type of insurance can help you get a qualified tradesman to the property at any time any day of the year.

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Towergate Landlord Insurance Review: Assessing the Pros and Cons

As one of the UK’s leading insurance brokers, Towergate offers tailored policies for landlords. But how does their landlord insurance range stack up compared to rivals? This detailed review of Towergate landlord insurance assesses the key pros and cons for buy-to-let investors.

Overview of Towergate Landlord Insurance

Towergate partners with well-known insurers like AXA and Zurich to offer landlord policies. Customers can get quotes and buy coverage online, by phone or through brokers. Their landlord products include:

• Buildings and contents insurance – Covers property damage and contents.
• Landlord emergency cover – For emergencies like boiler breakdown.
• Rent and legal guarantees – Covers loss of rent and legal expenses.
• Unoccupied property insurance – For periods between tenancies.

Towergate offers both single property and block policies for portfolios. Landlords can get quotes online with flexibility to tailor cover, like adding malicious damage protection.

Pros of Towergate Landlord Insurance

Range of Additional Covers

Towergate offers a wide selection of add-ons, from accidental damage to landlord emergency cover. Depending on your insurance needs, you can customize the cover you need.

High Levels of Cover

Their policies offer robust protection levels up to £5 million for buildings and £1 million for contents as standard. Landlords can increase this with a top-up cover – legal liability up to £5 million.

Strong Customer Service

Towergate scores well for customer service with UK call centres and dedicated account managers. Claims handling garners positive feedback with an online portal for convenient submission.

Policy Flexibility

Landlords can make policy adjustments during the term, like changing the insured address or updating cover. This caters well for evolving portfolios.

Range of Discounts

Discounts like multi-property and direct debit can make Towergate’s premiums competitive. No claims bonuses up to 15% are offered for claim-free customers.

Financial Strength

Towergate’s insurance partners, AXA and Zurich are financially robust. This provides assurance that claims will be reliably paid out.

Cons of Towergate Landlord Insurance

Limited Comparison Options

Towergate only provides quotes based on policies from AXA and Zurich. No comparisons against other providers are given, so there is less chance to identify the overall best value policy.

Minimum Policy Term

Most Towergate landlord policies have a minimum 12-month term, reducing flexibility if you want a shorter initial policy. Early cancellation also incurs fees.

Mixed Policy Exclusions

Some policy exclusions are not highlighted clearly enough like theft protection being limited for student lets or buildings cover excluding garages by default. Watch for these when comparing policies.

Lack of Brand Variety

With only two underwriting partners across its products, Towergate lacks the brand variety some competitors offer.

Restrictive Add-Ons

Certain add-ons like malicious damage cover come with tight usage limits, such as only one successful claim permitted per year. This somewhat limits the protection value of the extras.

High Arrangement Fees

Towergate’s new policy arrangement fees at ~£50 are higher than some rivals who offer free set-up. Their fees to make mid-term adjustments are also steep.

Our Verdict on Towergate Landlord Insurance

Overall, Towergate landlord insurance provides robust core cover options for UK investors.

Their range of add-ons brings added flexibility for tailoring protection. Customer service standards are high, and response times are prompt.

Though policy fine print deserves close attention when comparing quotes.

While a good option, checking other providers too can help identify the best value landlord insurance for your specific needs.