If you are a landlord, then protecting your business will be of optimum importance for you. Getting the most suitable insurance for rented property is not always just a case of buying the insurance offered by your mortgage lender. After all, you are protecting your livelihood, so it makes sense to shop around and get a landlord insurance quote or two so that you can see what is available in the buy to let house insurance market place.
What is covered?
But first, what does a buy to let landlord insurance policy typically cover? Buy to let policies can vary depending on the level of protection you choose and the provider, with something that is included as standard within one policy possibly being a pay-for add-on with another. However a typical insurance policy from a landlord may provide the following benefits or at least some of them:
Damage to buildings and contents;
Public liability cover
Some legal costs;
property that is unoccupied:
Loss of rent (due to an insured event happening).
Where might I find quotes?
There are a number of organisations that offer buy to let UK cover, such as banks, building societies, as well as brokers and specialist landlord insurance websites. For ease, you may wish to take out your insurance with the latter, as they may often have access to several landlord insurance providers, so can give you a choice of quotes.
Whatever method you choose to shop around for your cover, it is important to check exactly what the insurance entails.
Do not only compare the premiums – which is of course needed – but the policy features and benefits too. When considering insurance do so on a like for like basis.
If the cost of the policy is an issue (and when isn’t it?), when getting a landlord insurance quote, see if you can pay for your let property insurance by direct debit.
Therefore when you are choosing the most suitable landlord insurance for your particular needs you want to select comprehensive insurance and cheap premiums.Getting several landlord insurance quotes and comparing them typically may help you do this.