Do you need the cheapest landlords insurance?

Are you a first time landlord, or have your been letting properties for quite some time? Whichever kind of category you fit into, you may be looking for the cheapest landlords insurance that you can find.

Our team of experts appreciate that not everyone has the same concept of what cheap means. So what we can do is help you find a policy that you feel is at an acceptable price and which meets your needs.

The need for specialised landlord cover

If you are a new landlord, you may be wondering why you need landlord cover at all. After all, wouldn’t an owner occupier home buildings and contents insurance policy do instead? Tempting as it may be to go for a regular policy (especially as they seem to be advertised and available everywhere), the policy may end up being declared void if your insurer discovers that the property was in fact occupied by a tenant rather than an owner occupier.

There may be a difference in price between the two types of policy, but this may be because of the different types of levels of risk that are perceived by insurers (with rented properties perceived as being more “risky” than owner occupied). However, with enough care and attention, you may still be able to find what you perceive to be the cheapest landlords insurance possible for your individual needs.

Landlords insurance may be necessary because without it, the risks posed by fire, flood, storm and other such disasters may pose a significant threat to the stake that you have in the property. For example, if the property was destroyed by any of these risks, would you be able to pay for the repairs from your own funds?

Even if you could afford the repairs, it may not be desirable to meet them from your own pocket.

In any event, you may find that your existing obligations may already mean that you need to be looking around for the cheapest landlords insurance that you can find.

This may be so if you have a mortgage on the let property for example. If you have a mortgage on the property, then you are not the only one with an interest in it being rebuilt or repaired should something happen to it.

Given that the property also represents the lender’s security, they may be keen for you to have proper cover in place, and may even specify this as a condition of your home loan, even if it is just the bare minimum and cheapest landlords insurance. So, if you are looking for buy to let insurance, why not use our service? We offer a range of price-conscious policies to help you protect your property, backed up by our friendly team who are on hand to help should you have any questions or queries.