There is, of course, no definitive answer to this question.  The cheapest landlord insurance broker may offer you options for your cover that are adequate and cost-effective – but they may not.

There is no way of telling in isolation or stating as a matter of principle whether the cheapest landlord insurance broker is the one you should purchase your landlord insurance from.

In the final analysis though, your landlord insurance may be the only thing that stands between you and bankruptcy or financial ruin.  Given its potential importance, what can be said is that selecting cover is something that should perhaps be based upon a total review of your position, rather than simply the price tag that comes with a given policy.

The reason for saying this is simple – landlords buildings and contents insurance may differ in many things other than just the price.

To take just one example, subsidence is something that may end up resulting in the need for the virtual total demolition of your property and its rebuilding from scratch.

At one time insurance cover for this risk was virtually standard in both owner-occupier and landlord buildings insurance.  Yet today, that may not be the case and you may be surprised to find that some policies may not include it (ours do!).

Therefore, if the cheapest landlord insurance broker is offering you a policy that does not include this element of protection, you may decide that the low price is not something that is of interest to you.

Naturally enough, if you are looking for let property insurance, cheap deals may catch your eye.  Yet thinking about your wider requirements and using those as the basis to evaluate the policies on offer may be advisable.

To take another illustration, if your property is likely to stand unoccupied for more than 30 consecutive days, typical landlord’s insurance may cease to cover it in totality.  If you believe that this is likely to a possibility, e.g. due to building work, you may prefer to find a broker who is able to offer you an unoccupied property insurance quote.

There are numerous other potential examples of where some policies may offer cover that may be important to you and perhaps a little more so than modest price savings:

• trace and access cover;

• any tenant cover (some policies may exclude certain categories of tenant);

• loss of rental income protection due to the outcome of an insured risk; etc.

As we are now entering springtime, it might be an ideal opportunity to think about your landlord insurance and while doing so, to keep in perspective the role of the cheapest landlord insurance broker.