Why do you need property insurance?

If you are a landlord, tenant or owner-occupier in Gibraltar then it is advisable to ensure that your assets are protected and liability risks insured. To make life easy we have partnered with Sovereign Insurance Services in Gibraltar to find you insurance products to cover all of your insurance needs.

Select your relevant insurance requirements:
Landlord Insurance
Tenant Insurance
Owner Occupier Insurance

Landlord Insurance

Do I need Landlord insurance cover?

The Landlord is responsible for insuring the property and that the insurance policy provides adequate cover when the property is both tenanted and vacant. Also known as buy-to-let insurance, Landlords need third party liability insurance to meet any costs and damages if a member of the public suffers an injury, or damage to their property. It can also include buildings insurance to cover the orginal structure as well as any improvements or renovations. If you're renting out a furnished property, it is advisable to include contents insurance as this can protect everything from your furniture to the TV you provide to your tenants. Finally, you may consider loss of rental income if the property is uninhabitable due to fire, flooding or major damage.  This additional cover can also be included. 

What does Landlord insurance cover?

• Third party liability
• Contents Insurance
• Buildings Insurance
• Loss of rent

If you have a number of properties, Sovereign Insurance Services can offer a single policy that covers not only your let properties but your main residence and holiday homes, anywhere in the world.

Basic cover from as little as £120 pa

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Tenant Insurance

Do I need insurance cover?

If you are renting a property that is furnished it is the landlord’s responsibility to insure the contents of the property that are owned by the Landlord. The Landlord’s insurance will NOT cover any personal possessions belonging to the tenant. It is therefore advisable to insure you own personal belongings against theft, flood and fire damage.

What does Tenant insurance cover?

• Tenant liability cover
• Personal posessions both inside and away from the home
• Rent or alternative accommodation if you are unable to live in your home due to damage
• Cover for any improvements that you make to your rented property

Sovereign Insurance Services can work with you to understand your requirements, find the best options from a range of insurers and select a solution that is right for you.

Basic cover from as little as £75 pa

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Owner-Occupier Insurance

You’ve worked hard to accumulate your assets but you may not have considered all the risks that can affect your investment. Such risks are generally beyond your control. Insuring your home and possessions is the first step towards protection. By assessing the risks and addressing their consequences, it provides security and peace of mind. It is essential risk management to be certain that you are never underinsured.

Sovereign Insurance Services will work with you to understand your requirements, find the best options from a range of insurers and select a solution that is right for you.

What does Owner-Occupier insurance cover?

• Buildings insurance to cover the original structure as well as any improvements or renovations;
• Contents within the home and any personal possessions away from the home;
• Liability as owner including your responsibilities to domestic staff;
• Coverage for additional properties such as lets, holiday homes in addition to the main home.

Sovereign Insurance Services can work with you to understand your requirements, find the best options from a range of insurers and select a solution that is right for you.

We understand it’s not always easy to put a price on the things you value. Sovereign Insurance Services can therefore provide a complimentary risk management survey that will establish the full reinstatement costs for your buildings, fixtures and fittings, contents and valuables.

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