Category: Landlord Insurance

Need landlord insurance for a commercial property? Try Paddy Compare today and use our landlord insurance comparison system. If you need commercial landlord insurance in Ireland, simply complete our landlord insurance quote form today. One of our featured partners, Pembroke Insurance will then contact you directly with a competitive quote to suit.

Commercial landlord insurance is ideal for landlord who rent out properties for commercial use, to businesses, for office space, or have a mixed portfolio of commercial and residential buildings. Most policies will include buildings insurance as standard and cover you against accidental damage, re-house tenants in the event of floods or fires and have some level of public and property owners’ liability insurance. Contents insurance cover can usually be added as an extra.

Recent good news for the Irish property rental market as prices in Dublin rose by 7.5% in the three months from April to June. According to a report from rental property experts Daft.ie, prices outside of Dublin also rose by 1% and the average rent is now €825 per calendar month, again up from €790 this time last year. Daft.ie’s report revealed that this increase in rents is due to a fall in the number of rental properties available, down to approximately 2,300 from 4,200 in August 2012.

Irish landlords will be looking to take advantage of the increasing rents available. If you own a property for investment purposes, currently or plan to rent, then finding the right landlord insurance is a must. Quality landlord insurance in Ireland will not only cover your property from structural or contents damage but protect you against tenants refusing to pay. At Paddy Compare you can compare landlord insurance across Ireland in seconds. Just complete our one page online landlord insurance quote form to find out how much you could save today.

Rental income can be a nice earner but it comes with some substantial risks especially in the current economic climate. When someone purchases a buy-to-let property they expect the rent from the property to exceed the costs and for the property to increase in value over time, but that is not always the case.

From 1993 to early 2007, property prices in Ireland showed a steady rise and in particular from 2001 to 2007, property tripled in value. This spurred additional building and despite over 15% of all homes being unoccupied, construction continued. A recent report showed that over 350,000 homes, representing 17% of Ireland’s total housing remained unoccupied. At its height, the average house in Ireland was worth €310,000 but thanks to the credit crunch this figure fell to €150,000.

In late 2012 property prices increased for the first time since 2007 but still remain over 60% lower than their peak. Given the slight increase in prices and a corresponding increase in the number of residential transactions, experts say that the market is in early stages of recovery.

If you own a property that you currently rent or are planning to rent, then landlord insurance is very important. Even if your property is unoccupied, landlord insurance is a must. Paddy Compare can help you take advantage of some of the best buy-to-let insurance deals on the Irish market. Simply fill in our short one page landlord quote form and start saving money when you need it most.