Let Property Insurance and Flood Cover – Is your investment protected?

As the rain pours down, flood warnings have been coming in more frequently. Having flood cover for a Buy to Let (BTL) property is important to help protect your tenants as well as your financial investment.

Flood cover for BTL properties in a flood risk area is mostly excluded and unlike standard home insurance there is no scheme, like FloodRE, to help assist with this cover.

Ultimately, landlords that aren’t covered against flooding leave themselves open to serious financial debt after a natural disaster, particularly those with BTLs in areas that are prone to suffer flooding. For example, if the structure of your business premises or rental property was damaged, or, if your furniture and appliances suffered flood damage. 

Something else to consider if you’re a landlord is business interruption insurance and loss of rent cover. These types of insurance can protect your lost income if you have to stop trading or your tenants have to move out in the event of flood damage or another disaster.  These are things your insurance policy might not cover if flood risk is excluded.

Here at FOCUS we have a solution: FloodFlash - a 12 month policy that runs alongside you buildings insurance.

FloodFlash offer a range of depths and levels of cover which you select at the inception of the policy.  Once cover is in place FloodFlash attach a sensor to the property and if the water reaches the agreed level a signal is then sent to FloodFlash who will pay you the agreed amount.  This payment can be used for anything with no restrictions such as the above examples.

This short video gives an overview of how FloodFlash works. 

To find out more, contact our Property Owners insurance specialist - Kerry Mills

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