If you are a new landlord or are contemplating becoming one in the near future, this may be a question that you ask yourself, particularly if you already have owner occupier insurance in place on the property concerned.
The answer is simple enough and relates to the nature of the risk that a let property may face.
Of course, owner occupied properties may be just as likely to be hit by lightning or suffer storm or flood damage, as a property which is let out and you may justifiably argue that in these cases the levels of risk are identical.
You may typically find that both owner occupier and buy to let policies cover these types of risk as well perhaps as those relating to subsidence (in some policies at least).
There are many other situations though where let property may face additional risks, which necessitate specific landlord property cover. Many of these situations may be related to the fact that by definition you are going to have tenants in your property.
You may just have to accept that tenants are not going to take as much care with your property as you would or indeed as they might do with their own. This may be particularly the case if you let your property on a furnished basis. You may want that sofa or carpet to last for a good few years but if your tenants are likely to be long gone by then, they obviously have no real vested interest in helping you make this happen.
So, for example, a specific landlord policy may provide you with:
You may of course have a buy to let mortgage on your property and your loan agreement may have an express condition that you have landlord buildings insurance in place up to the replacement value of the property.
Trying to make do with owner occupier cover when you have tenants may prove to be an expensive mistake in the event you make a claim and find that it is rejected out of hand. You may also find that it may be difficult for you to find insurance cover in future.
It’s important for landlords whether they’re own one property or have a large property portfolio to request a quote and buy landlord insurance from reputable online brokers. Brokers are ideal for any landlords who are searching for competitive landlord insurance which is suitable for both residential and commercial properties, they can offer cost effective insurance solutions without compromising on cover. Rest assured established online brokers provide an efficient service for landlords requesting quotes or wanting to know more about insurance cover and policy key features.
Requesting a quote for landlord Insurance products will only take a matter of minutes online or by telephone where an experienced member of staff can take your call.
Why not opt for a fully comprehensive landlord insurance policy so you can benefit from insurance that offers:-
In addition to this professional online brokers can also give customers great online discounts too for:-
More and more landlords are choosing to buy rent guarantee cover from brokers to protect their rental income should tenants default on payments, they may break their rental agreement by moving without informing you or have financial difficulties. Whatever the reasons for non-payment of rent it is bound to have an effect on landlords’ finances, so why take the risk when you can have low cost rent guarantee protection, which can be for one month, three months, six months or even a year. Legal expenses and rent guarantee insurance will provide the necessary cover should you have any disputes between yourself or your tenants giving you peace of mind that your rental income will remain intact for the foreseeable future.
Efficient brokers specialise in low cost landlord insurance with the minimum of fuss, they offer an instant quotation service and cover for all types of residential and commercial properties. Give them a call today or ask for a call-back at a suitable time to you, take time out to browse their website at your leisure to read more about landlord insurance packages, terms and conditions including the key features.
Landlord insurance which is also known as buy to let insurance can be bought online from professional brokers. They are committed in offering a first class service and great landlord insurance deals to protect landlords who have individual properties or extensive rented property portfolios. Even if your property is managed by a letting agency you will still want the comfort of knowing that it is covered. Brokers can provide cover for accidental damage caused by tenants, perfect if you have multiple tenants in one building.
Why not purchase buy to rent protection? Imagine what would happen if your tenants breached their tenancy agreement and refused to pay the rent, they may up sticks and leave your property without warning which could leave you in a financial predicament. Having buy to rent protection, which can be purchased online from reliable brokers, means you won’t be out of pocket should tenants default on their rent payments. In addition to this brokers can provide:-
Residential landlords can face numerous risks when renting out their properties and their contents. Risks don’t need to be taken especially when you can protect your property, its contents and yourself. If an accident or injury happened to a tenant while on your property, by buying comprehensive landlord insurance you will be completely covered. Their insurance policies and packages are underwritten by a consortium of leading UK insurance companies so you can be confident you are fully protected for all eventualities. Other key features for landlord insurance are:-
Reliable brokers can arrange immediate landlord insurance cover, contact one of their specialist advisers either online or by telephone today. Landlord insurance premiums can be paid by direct debit monthly instalments or by credit card over the telephone, you can also pay by cheque if this is preferred. Once you receive your landlord insurance policy you have a fourteen day cooling off period to read the contents and the level of cover, if you do have any queries or questions don’t hesitate to contact a broker.
Landlord insurance especially in the UK is a very competitive market. Searching for the cheapest policies can be time-consuming and extremely tedious for landlords, why not save time by contacting brokers online who will choose a suitable UK insurance company to provide you with competitive landlord insurance? Landlord cover varies between insurers, however brokers will provide you with a landlord buildings insurance policy that can cover you for such perils as:-
In addition to landlord’s building insurance specialist brokers can also offer landlords contents insurance too which can protect:-
As you would expect from professional brokers usually included in their standard policies are property owner’s liability which protects landlords from any libel claims from tenants who may suffer injuries inside the property. Sometimes landlord insurance is referred to as buy-to-let insurance, however rest assured this refers to the same type of policy.
Don’t delay, request a free no-obligation landlord insurance quote today from reliable brokers, they have created their own online landlord quote system which provides instant quotations and immediate cover when payment is made by credit or debit card. As well as this landlords have the opportunity to download policy documents to read them in detail at their leisure, brokers provide a 30-day cooling off period for landlords to change their minds about cover. Once landlord insurance is up and running payments can also be made by monthly direct debits, this is a great way to make sure no payments are missed and that cover is provided at all times.
There’s no need for landlords to worry unduly, insurance doesn’t have to be that expensive especially when bought from established brokers who can provide low cost landlord insurance. This doesn’t mean that cover is compromised, in fact just the opposite, it will provide protection for your property, for you and for tenants too, so a great deal all round.
Brokers only deal with reputable UK insurers who are authorised and regulated by Financial Services Authorities. This enables them to search the market to ensure landlords can buy cheap premiums and quality cover. Let brokers do all the hard work for you so you can concentrate on renting your property or properties to tenants.