The idea of cheap let property insurance is an eye-catching one, however, there are a few important points that may be worth keeping in mind:

• the word ‘cheap’ is hard to universally define – for some people it may be the very lowest cost landlord insurance but for others it may be a policy that provides excellent cover at a price that they consider to be ‘cheap’;
• what this means is clear – you must evaluate the idea of ‘cheap let property insurance’ in your terms rather than anyone else’s because what is cheap for them may not prove to be cheap for you;
• it may always be risky to select landlord insurance (or any other form of buy to let home insurance) based exclusively upon the price – try to keep in mind the reality that if you need to make a claim on your policy in future, at that point, you will have no interest at all in its price but only what it is capable of doing for you;
• if you accept the logic of the above point, it must therefore make sense to consider that the nature of the cover provided by a policy may prove to be far more important to you, than its price;
• in reality, the cover offered by individual buy to let insurance policies may vary significantly and some may be more suitable to your requirements than others – to understand the suitability of a policy, there is really no alternative other than to study carefully the initial quotation and any supporting documentation;
• when reading the cover detail, keep in mind that what is described as general cover may be modified by the policy’s terms and conditions – these need to be read carefully, in conjunction with the rest of the policy, to ascertain its overall suitability;
• for example, you may find that some policies indicate that burglary and vandalism are covered, however, the terms and conditions laid down might stipulate that malicious damage caused by the tenants is not included in the cover (some providers of landlord insurance do include protection for malicious damage originating from tenants);
• when trying to evaluate a quotation for cheap let property insurance, it is always advisable to try and ‘think laterally’ about cover you may need rather than be constrained by what a policy is telling you that it provides. For example, a policy may say nothing about ‘trace and access’ cover (the work of trades people to uncover faults and restore surrounding areas) in which case, it may be realistic to presume that it will not be covered even though you think it would be a good idea;
• above all else, try to keep in mind that cheap let property insurance may be excellent but the only way you will know that for sure is by taking the time to compare it to other alternatives.