Why Pikl Insurance?
Pikl Insurance has established itself as a leading provider of specialist insurance products designed to address the unique needs of short-term letting. Research conducted by Pikl has revealed a critical gap in standard home insurance policies. Many traditional home insurance plans may not provide coverage if the property is let out to paying guests on a short-term basis, potentially invalidating the policy. Even if the insurer doesn’t cancel the policy, key aspects of cover related to guest-related claims are often excluded. This leaves property owners exposed to several risks, including:
- Theft by a guest
- Public liability for guest injuries or damages to another property
- Accidental or malicious damage caused by a guest
- Legal cover to pursue or defend a claim
Pikl’s flagship insurance product is specifically designed to bridge this gap, ensuring comprehensive protection for property owners.
Insurance Products Offered by Pikl
Pikl offers a range of insurance products that cater to various property management needs, ensuring that both your property and guests are adequately protected.
1. Home Insurance
For those who need to protect their main residence or a second property used as an occasional holiday home, Pikl provides standard Home Insurance. These policies cover buildings and/or contents against incidents and damages not caused by short-term guests, offering peace of mind through their panel of top UK insurers.
2. Landlord Insurance
If you plan to have long-term tenants under an Assured Shorthold Tenancy (AST), Pikl’s Landlord Insurance is ideal. This product, offered through their panel of top UK insurers, protects the buildings and/or the landlord’s contents, ensuring your investment is secure.
3. Pikl Host Insurance Top-Up
Designed to complement an existing Home or Landlord insurance policy, Pikl’s Host Insurance Top-Up provides specific coverage for incidents related to short-term guests. Various options are available depending on the amount of short-term letting you plan to undertake each year.
4. Pikl ‘All In One’
For comprehensive coverage, Pikl offers an ‘All In One’ policy, combining standard Home or Landlord buildings and contents insurance with Host insurance protection. This ensures that both your property and hosting activities are covered under one policy with a single renewal date.
Coverage Provided by Pikl Host Insurance
Pikl’s Host Insurance is tailored to cover a wide range of potential issues that may arise when hosting short-term guests. This includes:
- Public Liability: Up to £2 million per event for guest accidents involving bodily injury.
- Legal Expenses: Up to £50,000 to defend or pursue legal claims against guests.
- Building and Contents Cover: Up to £1 million for buildings and £75,000 for contents for guest-related damage.
- Accidental and Malicious Damage: Up to £80,000 for buildings and £40,000 for contents if caused by a guest.
- Theft or Attempted Theft: Up to £20,000 for both buildings and contents if caused by a guest.
- Alternative Accommodation: Cover for you or your guests if the property is being repaired due to a guest-related claim.
- Fire and Water Damage: Coverage for damage caused by a guest.
- Loss of Keys and Replacement Locks: Protection if renting out your entire property.
Benefits of Pikl Host Insurance
- Financial Protection: Repairing property damage or replacing items can be costly. Pikl’s Host Insurance can save you from significant out-of-pocket expenses.
- Alternative Accommodation: Ensures you and your guests have a place to stay if the property is damaged, preventing loss of income.
- Public Liability: Covers serious injury claims, potentially saving you from incurring significant costs and legal issues.
Underwriters
Pikl’s Home and Landlord insurance products are underwritten by top UK insurers, including Axa, Allianz (formerly LV), and Prestige. The Host insurance is underwritten by First Underwriting on behalf of Accredited Insurance (Europe) Limited – UK Branch, with Legal Expenses provided by ARAG plc and underwritten by AmTrust Europe Limited.
How to Get a Quote
To obtain a quote from Pikl, click here. Alternatively, you can call the Pikl team on 0800 254 5171 and quote “The Upgrade Authority” when asked how you were made aware of Pikl.
Learn More About TUA’s Services
At The Upgrade Authority, we offer a wide range of property management services designed to maximize rental income and enhance guest experiences. To learn more about how we can help you manage your Airbnb or short-term rental property, visit our Airbnb Management Bristol page.
For property owners considering whether to opt for Airbnb or long-term renting, check out our detailed comparison Airbnb vs Long-Term Rent in Bristol.
If you’re new to Airbnb hosting, our 6 Tips to Improve Your Airbnb Listing article offers practical advice to help you attract more guests and boost your income.
Enhance Your Listings with Professional Photography
To ensure your property stands out, TUA offers Photography & Virtual Tours. Professional photos and virtual tours can significantly increase booking rates and improve guest satisfaction.
Guest Information and Services
Our comprehensive Guest Information and Services ensure that your guests have all they need for a comfortable stay. From welcome packs to local recommendations, we cover it all.
Property Management Insights
For insights on improving occupancy rates and maximizing your rental income, explore our article on How to Improve the Occupancy of Your Holiday Rental in 2023.
The partnership between The Upgrade Authority and Pikl Insurance Services represents a significant step forward in ensuring that our property owners have the best protection available. Pikl’s tailored insurance solutions provide comprehensive coverage, addressing the unique risks associated with short-term letting. This collaboration underscores our commitment to offering exceptional service and peace of mind to our clients.
For more information or to discuss your insurance needs, please visit our website or contact us directly.
For any inquiries or further assistance, feel free to reach out to us through our Contact Page.
Explore More with The Upgrade Authority:
For booking and listing details, visit our Booking Page.
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Contact Us:
For any inquiries, reach out to us at The Upgrade Authority Contact Page.
By partnering with Pikl Insurance Services, The Upgrade Authority ensures that your property and guests are in safe hands, providing you with peace of mind and allowing you to focus on maximising your rental income.
