Article - buy to let
Best Landlord Insurance
by Jennifer Tweed
Are you looking for the best Landlord Insurance? Are you looking to get an immediate FREE quote on line today?
Finding the best landlord insurance does not have to be difficult providing you know exactly what you are looking
for. As a landlord, conscious of cashflow, it can be very tempting to opt for the cheapest policy. This is not
always best practice. It's important that you understand what the policy covers and most importantly that your
investment property is fully insured to protect your long term investment.
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Landlord insurance is not a legal requirement, although most lenders will want to have confirmation that an
insurance policy is in place if a buy to let mortgage has been applied for. Even as a cash buyer, it would be
rather unwise not to take out adequate insurance. As a landlord you should consider your properties to be a
business and with business there is always a risk element and investment properties should be treated in the same
manner. Without suitable landlord insurance, a theft or fire can have a very detrimental effect on your long term
investment and the long hours you have invested in building up your property portfolio. As owning buy to let
properties becomes increasingly popular, it is important that landlords are properly covered.
As a residential landlord, it would be their responsibility to insure the building and any contents belonging to
the landlord. For example light fittings, kitchen units, heated towel rails. As well as a landlords insurance
covering things like fire, theft, vandalism, leaks, smoke damage, subsidence, burst pipes to name but a few, there
are a number of additional options that may be available.
Landlords Liability - If someone is injured at the property due to negligence of the landlord
Legal Expenses - Costs towards legal expenses when having to evict problem tenants
As far as tenants go, generally the tenants would then take out their own contents insurance cover protecting their
personal belongings in the property.
There are a number of different Landlord Insurance companies offering landlord insurance. They may cover, let
property, unoccupied property, property let to DSS, and commercial property. Make sure you know exactly what the
landlord insurance policy is covering before you make your decision.