If you are about to enter the buy to let business then protecting your investment with the best landlord insurance quote you can find, may be high on your list of things that need to be done before your first tenants move in.

There are a few points that you may wish to bear in mind when searching for your landlords cover.

Buy to let insurance

Buy to let properties need their own specific let property insurance cover.

Owner-occupier home buildings and contents insurance, which may tend to be less expensive, is typically not suitable for rental properties. This holds true even if you are letting out just one room of your own home.

Trying to make do with owner-occupier cover, in a rental situation, may result in any claim being rejected and you may find it difficult to obtain cover in the future.

Property unoccupied

Having bought your buy to let property, you may be carrying out some building and renovation work to get it ready for the rental market.

While you may have a tight deadline, it may be sensible to anticipate that there may be delays and that the whole business could take longer than planned. If your property is unoccupied for a period of 30 days or more then even the best landlord insurance quote may not provide the cover you need.

That’s because the risks to your property are different when it is empty for prolonged periods of time and you may, therefore, need some unoccupied property insurance to supplement your let property insurance – to cover you until your property is ready for your tenants to move in.

Unoccupied property insurance is not just a requirement for buy to let. Owner-occupiers may also have to make provision if, for example:

• they are on an extended business trip;
• their property is empty awaiting the outcome of divorce proceedings or is in probate;
• are in the fortunate position of being able to arrange a summer break which is longer than the normal couple of weeks.

Getting some help

With any new endeavour, there’s typically always a lot to think about. If you need our specialist help in finding the best landlord insurance quote, we’ll be only too happy to assist.