Landlords + Insurance Claim: The Challenge
As landlord, preparing bank statements for insurance claim is a common but time-consuming task. Insurance claims for business interruption, theft, or fraud require bank statements as evidence of financial loss. Insurers need clear, organised financial documentation.
How BankScan AI Helps Landlords with Insurance Claim
Convert your bank statements to Excel to easily categorise rental income, maintenance costs, and mortgage payments for self-assessment. For insurance claim specifically, BankScan AI extracts Pre-loss revenue baseline, post-loss revenue decline, increased cost of working, automatically.
How Landlords Handle Insurance Claim
When preparing bank statements for insurance claim, landlords need to Landlords review bank statements to confirm tenant rent payments have been received, match maintenance invoices against bank debits, track mortgage in. BankScan AI automates the data extraction step.
Key terms you'll encounter: rental yield, Section 24, allowable expenses, wear and tear allowance.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload 12-24 months pre-loss for baseline comparison, plus the entire loss period; business interruption claims may need 3+ years of historical data of statements for insurance claim.
AI extracts what you need
Our AI extracts Pre-loss revenue baseline, post-loss revenue decline, increa — formatted for landlords workflows.
Complete your insurance claim work
Download Excel files ready for insurance claim. Month-by-month comparison of pre-loss versus post-loss periods, with seasonal adjustments shown; clear separation of insured versus uninsured losses
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Landlords — Insurance Claim
- Built for Landlords — Saves 1-2 hours per property per month on income and expense tracking, with portfolio landlords saving a full day each month across 10+ properties
- Software compatible — Output works directly with Excel, Hammock, Landlord Vision
- Built for Insurance Claim — Convert bank statements to structured Excel spreadsheets showing income patterns, loss periods, and transaction evidence for insurance claim submissions.
- Key data extracted — Pre-loss revenue baseline, post-loss revenue decline, increased cost of working, continuing fixed costs during interruption, any saved expenses or alternative revenue
Compliance: Landlords + Insurance Claim
When landlords prepare bank statements for insurance claim, specific compliance requirements apply.
- Landlords must report rental income on their self-assessment tax return and can only claim mortgage interest as a basic rate tax credit since Section 24 restrictions. Records must be kept for 5 years after the 31 January submission deadline. Deposit protection scheme compliance also requires clear financial records.
- Legal basis: Insurance Act 2015 (duty of fair presentation); policy-specific claims conditions; Financial Ombudsman Service rules on fair claims handling
Insurance Claim — Built for Landlords
Most policies require notification within 30 days and full claim submission within 6-12 months; delays give insurers grounds to question or deny the claim
Try Free — Landlords + Insurance Claim