Obtaining a landlord insurance quote
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 taking 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 protected in the typical policy
However what protection might a landlord insurance policy typically provide? Buy to let policies can vary depending on the level of policy 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 landlord’s insurance policy may cover all or some of the following:
Damage to buildings and contents;
Public liability insurance;
Some legal costs;
property that is unoccupied:
Multi-property insurance cover
damage that is classed as accidental;
Glass damages;
Loss of rent (due to an insured event happening).
Where might I find quotes?
You may be able to purchase buy to let UK cover with the majority of banks or building societies. You may also find it with specialist insurance providers. For ease, you may wish to purchase protection 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 take into account the premiums – which is of course imperative – but the policy features and benefits too. And do so on a like-for-like basis.
Other considerations
If the of insurance 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 may help you do this.
