In the past there weren’t many recognised landlord insurers, thankfully there are now established brokers online who know the importance of buy-to-let insurance cover. Brokers have a large database of UK insurance company partnerships to choose from to get the best in landlord insurance coverpolicies as well as affordable prices for their clients. It can sometimes be difficult for landlords to sift through the minefield of alternative options but with the help of brokers this task is made so much easier. There are a number of key points that landlords should look out for before deciding which landlord insurance cover to buy, for instance:-
- Type of tenant
- Loss of rent
- Employer’s liability
- Policy excess
- Unoccupied property
- Threats of terrorism
- Property owner’s liability
Requesting a quote
Requesting an online quote is straightforward, it will only take you a few minutes to provide all the necessary details for a reliable insurance broker to find a competitive price for your landlord insurance. If you do need any assistance give them a call by landline to speak in person about your query or ask for a free call back.
Things to consider
In some policies the insurance premium will depend on the type of tenants you have, professional and working tenants attract lower premiums than say students, DSS or asylum seekers. It is therefore very important to inform brokers about your tenant type and let them know if your tenant leaves for one reason or another. Landlords can often experience unoccupied periods in their property, rest assured brokers can still offer cover should your property become vacant, up to 90 consecutive days between tenancy occupation can usually be catered for.
Loss of rent
Unfortunately many landlords may lose rent for a variety of reasons, for instance tenant’s financial circumstances could change or they may just up sticks and leave landlords in the lurch without paying their rent. Protect your rental income with loss of rent cover which will ensure that you continue to receive rental payments if your property becomes uninhabitable due to damage or through unoccupancy problems.
Policy excesses
Brokers can point you in the right direction regarding landlord insurance policy excesses too; obviously increasing excess payments will decrease your premium. It’s important to discuss this with a broker before deciding which type of landlord insurance is suitable for you.