If you are looking for insurance, there might be times when it pays to consult experienced professionals. And when it comes to specialist insurance, such as buy to let or landlord insurance, it might well make even greater sense. This is the insurance product that we have made our specialty – as borne out by our website that allows our visitors to enter a few simple details and receive an instant quote from a range of insurers, all at a simple click of the mouse.

So, why may you need buy to let landlord insurance?

If you own property that you let to tenants, there’s no law of course that insists on you having landlord insurance. Although it might not be compulsory, there are a number of reasons why you are likely to give it very serious consideration:

• If you are looking for a buy to let mortgage to finance your purchase of the property in the first place, the mortgage lender is almost certain to insist on a minimum level of insurance cover for the premises;
• The purchase of a buy to let property involves a hefty investment on your part. The investment could be to provide you a regular income from rent and the prospect of a substantial capital gain when the property is eventually sold. Yet fires, floods or other storm damage, subsidence or vandalism might threaten to seriously damage (or even destroy) the property. Without adequate cover, you might be faced with a repair bill that is impossible to pay;
• Once the tenancy agreement is signed and your tenants are safely installed, your responsibilities as a landlord do not end there. For as long as they remain in your property, you owe your tenants a duty of care to ensure there is nothing that may cause them physical injury, nor loss or damage to their property. If these occur as a result of your negligence in safely maintaining the let property, you might be held liable and face substantial claims in damages or compensation as a result;
• However well you might have checked the references of incoming tenants, there is no fool-proof way of ensuring that all are going to behave in a responsible manner. Malicious damage to the let property or its contents is certainly not unknown and some (but by no means all) landlord insurance policies offer indemnity for the costs resulting from such acts.

So, if you are looking for buy to let landlord insurance, why not take advantage of our service? You can get a landlords building and contents insurance quote online or call one of our friendly and experienced staff on our freephone number if you prefer to talk to us about your landlord insurance needs.

Tags: Buy to let landlord insurance

This entry was posted on Tuesday, January 26th, 2010 at 9:26 am and is filed under Buy to let landlord insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.