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Coach House Insurance Can Be Complicated
June 22nd 2017
The risks involved to the insurer are often no more than the risks involved with a single tenancy agreement to a single tenant - but despite this, you will often find Insurance quotations unaffordable as loading the premium gives the insurer a safety net against claims.... Read More
2017 Off To A Great Start For Coach House Insurance
June 1st 2017
National Flood Forum has recently reported that Insurance companies vary greatly in the way they handle flood victims claims. The charity says that people living on the same street will all be paying completely different premiums and excesses, it is of concern that this is very much the ‘norm’ and not unusual.. Read More
Coach House Insurance Can Be A Complicated Issue
April 15th 2017
In the event of damage to the coach houses structure as a result of an event which happens in the garages, caused by any one of the coach house owners, the person who insured the garages must claim on his policy regardless of who and how the damage was caused... Read More
Bespoke Coach House Insurance
March 28th 2017
If you own a Coach House you will need a policy that will insure the whole property including all of the garages, your own garage (freehold) and those on Leasehold to neighbours. These are usually leased on 999 year Peppercorn Leasehold. You must include the legal liability... Read More
Home Insurance For A Coach House? Easy!
March 1st 2017
f you own a flat or apartment withinWe have been offering bespoke Coach House Insurance for many years now and it’s going great guns! With years’ worth of positive customer feedback, and excellent servicing from the Insurance Provider – Legal & General, our customers are benefiting... Read More
Latest Published Articles
Who sells Coach House Insurance? Where can you buy a bespoke and specific policy to cover your coach house? No-one seems to sell Coach House Insurance? These are all questions we have heard before - and the good news - is that you CAN find it
When a landlord lets a property to students, it can be referred to as a HMO - A House of Multiple Occupancy. This means that there are be more than 2 tenants who are unrelated.
If you own a Coach House you will need a policy that will insure the whole property including all of the garages, your own garage (freehold) and those on Leasehold to neighbours. These are usually leased on 999 year Peppercorn Leasehold. You must include the Legal Liability cover you need to protect your liabilities as Freeholder to the Leaseholders, whilst insuring the whole building including the leased garages.
If you own a flat or apartment within a block, and pay a management fee to the freeholder of the building, you will get a standard buildings insurance - This will not insure you as a Landlord. Landlords Insurance is widely available for landlords insuring their properties to let for residential purposes, however if you own a flat within a block, your management fee will only cover the insurance for bricks and mortar - a standard policy. Landlords need to make sure they cover their legal liabilities
Many homeowners of coach houses are still finding it tricky to find an Insurance provider willing to cover a coach house arrangement. This is because of the Legal Liability arising from the homeowner being the freeholder of the property, and there usually being more than 1 leasehold agreement on the garages underneath the property (ground floor). Coach Houses are unique, albeit becoming more common during 2014, properties with 2 or 3 garages or car ports on the ground floor of the property, these are usually leased to surrounding property owners, with the freeholder usually retaining 1 of the garages for themselves. The property owner/freeholder's living quarters are above the garages on the first floor.
Its 2014 and still tricky to find Coach House Insurance Products! Buildings Insurance is vital for the freeholder who supplies the leaseholds on the Garages or car ports/parking spaces beneath their property.
In the event of a claim - the insurance underwriter dealing with your claim will go back to your application and policy to ensure that you have the correct policy for the property, and make sure that the event for which you are claiming is covered on the contract. If you live in a Coach House and have insured your property as something different (usually a flat) - it is likely your claim would be declined.
It would appear that whilst builders are steaming ahead building lots of these economical lower cost types of properties (coach Houses), which boast a garage underneath the property in a bid to save space and not inflate the costs, the insurance industry just has not kept up. Many Insurance providers are unsure of the risk, and perhaps are not fully understanding it?
As coach houses become more and more popular with builders, the Insurance Industry has been forced to accommodate the tricky 'grey area' of shared liabilities resulting in the ownership arrangement of the garages underneath the properties. Coach Houses are built over 3 floors; similar to town houses, except the ground floor is a single garage. This is a popular and space saving option for house builders to incorporate all the facilities a modern family needs using smaller plots of land to provide it. It is therefore considered financially economical house building.
Why is it so difficult to find Home Insurance for purpose built Coach Houses? Although the Property Owners Legal Liability can be a tricky one - there are insurers offering bespoke Home Insurance for Coach Houses.
Home Shield Insuranec Services Ltd. Home Shield Insurance Services Ltd is registered in England No. 5867297. Home Shield Insurance Services Ltd is an appointed representitive of TenetLime Ltd which is authorised and regulated by the Financial Services Authority. TenetLime Ltd is entered on the FCA register under reference 311266. The guidance contained within this website is subject to the UK regulatory regime and is therefor primarily targeted at consumers based in the UK.