How to apply for buy to let & property owners insurance

When you’re applying for Nationwide buy to let & property owners insurance, it will make the process a lot simpler if you have information such as your Buildings rebuild value to hand.

Please ensure that the information provided by you on the Nationwide buy to let & property owners insurance application is correct. If you decide to buy this policy, these details will form the basis of the insurance contract between you and LV=. Incorrect information could invalidate all or part of the policy.

There are five steps to the Nationwide buy to let & property owners insurance application process.

About you

This is stage one of the Nationwide buy to let & property owners insurance application. This is where you will be required to provide information about the property and policyholder including:

• Company's current status;
• Company's name;
• Trading name (if different to above);
• Policy holder's name, correspondence address, phone number & email address;
• The property's current insurance premium;
• Accident or claims history; and
• The date you'd like your cover to start.

About the property

You will now be asked to confirm further information about the property such as:

• If the address of the property is the same as the correspondence address;
• How the premises is currently occupied and type of occupant;
• The type of property;
• Approximate date the property was built;
• Building's sum insured amount
• If you want the policy cover to include subsidence, ground heave and landslip;
• The sum insured amount you require for annual loss of rent received; and
• If you need to increase the cover for property owners liability above the standard £2,000,000.

Cover

This stage offers you the opportunity to tailor your Nationwide buy to let & property owners insurance policy to best suit your needs. It allows you to select landlord's contents insurance and any other additional cover you may wish to add to your Insurance policy.

Your quote

Once all information regarding your property has been collected, your Nationwide buy to let insurance quote will be generated and you will be offered the option to either make a full payment by credit/debit card or in monthly instalments by direct debit if you’re eligible.

This page provides access to your buy to let insurance Document of Insurance, Policy Details, Use of your information. You are advised to read them before you proceed to purchase.

If you don't wish to purchase your property owners insurance at this point you can choose to save your quote, allowing you to retrieve it at a more convenient time. You will be asked to confirm the email address you provided at the first stage of the quote process and select a password. You will also receive an email confirming your quote and a link allowing you to complete the purchase. The quote will be saved and can be accessed until the date you have specified the policy is to start from. The quote is valid for 60 days.

5. Buy online

When you select Buy now and your payment option you will be taken to a screen displaying all of the information you have input and the cover you have selected regarding your insurance quote. You must review this to ensure it is correct and make any amends if necessary. Once you are sure everything is correct then select Next.

You will then be shown the Terms and Conditions of your policy and asked to confirm you agree to them before selecting if you would like to pay in full or in monthly instalments by direct debit if you're eligible. You must have credit or debit card details to hand and be an authorised holder of the account used in order to proceed with the payment.

After entering your payment details you must save or print your insurance documents.

As well as the environmental benefits, being able to download your documents means you have instant access to them.

Finally you will be given the option to receive paper copies by post if you need them and a reference number which you should note for your records.

After completing your application for Nationwide buy to let and property owners insurance you will receive an email confirming your unique reference number.

If you chose to receive your policy documents by post they should arrive within 5 working days.

If you chose to pay monthly by direct debit Close Brothers Personal Finance will send you a welcome pack confirming your finance agreement. Please ensure you read the information carefully and return the agreement within 14 days.

Cooling off period. This buy to let property insurance policy contract gives you a 14 day cooling off period. If you change your mind you may cancel your insurance by returning your documents within 14 days of receiving them. LV= will then refund any money you have paid as long as you have not made a claim.