Landlord Insurance Excess

When you take out landlord insurance, the policy will usually include what is known as a ‘standard excess’ depending upon the company and type of policy that is agreed. This insurance excess is essentially the minimum amount of money that customers will be expected to pay regardless of any payout they receive under the terms of their landlord insurance policy. So, if you make a claim, you have to pay a certain amount towards the cost. Insurance companies will typically set out the terms of these excess payments with their customers before any contract has been agreed upon. The advantage of these agreements is that landlords can choose to pay a larger excess in order to reduction their insurance premiums.

See below to compare landlord insurance deals and see what difference it makes when you change the excess you agree to pay in the event that you make a claim – see which landlord excess is right for your budget and apply.

Landlord insurance excess payments vary greatly from one provider to the next. For this reason, it is important to carefully consider the terms of an insurance agreement before committing to it. Although paying your landlord insurance excesses as well as your premiums may seem unfortunate, it is always worth remembering that this agreement will usually lower the base cost of your landlord insurance, making them well worth it if claims are kept to a minimum.