Those cheap landlord insurance adverts may look attractive but before buying, you may wish to take note that every landlord may have different requirements when it comes to buy to let insurance. So what is the best buy to let insurance for one landlord may not be best for you. Getting some landlord insurance advice may not go amiss.
As a landlord, you need to be as sure as you can be that you have done everything possible to safeguard the income stream that your buy to let property generates.
The last thing you need is to end up having to pay out because your landlord insurance policy does not provide the cover you need.
Online specialist suppliers of buy to let insurance may typically be only too happy to provide you with landlord insurance advice, to ensure that you get the cover you need for your property and for your own particular circumstances.
All buy to let insurance may typically cover, as standard, things like damage to the building or its contents (if you have elected to have landlords contents cover), and theft.
Areas of difference between policies creep in when it comes to actual levels of cover. So, for example:
* one policy may have a significantly lower excess that others;
* the maximum claim values may very well be different;
* one may provide contents cover on a new for old basis, another on a market value basis;
* subsidence may not be covered as standard on all policies;
* third party public liability award levels may be different and legal fees may or may not be covered;
* not all buy to let insurance covers malicious damage by tenants.
In addition, if your tenants have to move out of the property because it has been rendered uninhabitable, as a result of an insured risk, that may mean that you not only have the repairs to worry about but you also may have to cope with a loss of rental income as well.
Having buy to let insurance that can provide compensation for loss of rental income, in such circumstances, may make very good financial sense.
So, if you are worried about finding the right buy to let insurance for your property, then getting landlord insurance advice may help you in your search.kontaktlinserthe group theory