Insurance often comes in for a lot of bad press, mainly through problems at claim stage but the industry has been known to shoot itself in the foot by making the insurance purchase far more complicated than it needs to be. My colleague owns a number of let properties and he knows from experience that securing a good deal for landlord insurance can be challenging and often confusing, so here are my 3 steps to help you secure good quality insurance cover at a price to suit your budget.
Step 1 Â Question, do I need specialist Landlord cover?
The answer has to be yes, without exception! I have heard of LandlordÂs taking shortcuts in buying standard home insurance, but storing up problems later down the line with claims being declined by the insurance company. Remember also that Landlord Insurance includes important liability cover providing protection if sued by tenants, visitors to the house or tradesmen.
Step 2 Â Decide on what cover you require.
There are principally two cover options, which can be purchased together;-
i)Â Â Â Â Â Â Â Â Â Â Â Â Â Landlord Building Insurance, this typically includes malicious damage by tenant, property owners liability and unoccupied cover pending a letting or sale
ii)Â Â Â Â Â Â Â Â Â Â Â Landlord Contents Cover, usually includes accidental damage and loss of rent cover.
And in many cases, the same Broker will offer several types of cover, or bundle them together into the same policy. But donÂt just go for the cheapest deals you can find. Renting out your property to strangers can be a risky business, and you want to be properly covered if something goes wrong
Step 3 Â Visit www.thepropertyinsurer.co.uk for your specialist Landlord Insurance, for a great deal from a proven specialist provider click on ÂGet a QuoteÂ and then fill in the form on your computer and we will put you in touch with Brokers who understand the needs of Landlords and have access to markets to ensure they give you a great deal.
ThatÂs it, 3 easy, straightforward steps to get the specialist cover you need at a price to suit your budget.
The Property Insurer is the UK’sÂ home insurance price comparison and specialist property insurance provider. If you need landlords insurance, unoccupied insurance,Â renters insurance,Â renovation insurance subsidence insurance, flood insurance or any other type of property insurance visit www.thepropertyinsurer.co.uk today.