If you don’t particularly relish the prospect of carrying out a landlords insurance comparison, then you may need to accept the fact that you might end up with less than you thought in the way of cover, at a cost that may have been higher than necessary.
On the other hand:
- visiting an online specialist website for a let property insurance quote may help you form a view of the appropriateness or otherwise of a particular buy to let policy;
- carrying out a landlords insurance comparison with a number of such quotes may give you the depth of knowledge that you may need to make an informed choice about your buildings and contents insurance cover;
- looking out for a buy to let policy which may offer subsidence cover or cover for malicious damage by tenants, as standard, may be something that might increase your peace of mind;
- knowing that a policy may offer trace and access cover may mean that you would not be landed with a repair bill for work required to repair damage caused by a tradesman searching for the source of another problem;
- ensuring that policy includes cover for loss of rental income may help to maintain an income stream should your tenants have to move out of your property in a situation where damage from an insured event (fire, flooding, storms etc) renders it uninhabitable;
- checking the level of landlords public liability cover on offer may help you to satisfy yourself that the maximum cover available may be sufficient to cover any potential court award for damages against you;
- checking the circumstances relating to unoccupied property – where additional cover may be required if your property is unoccupied for periods of 30 days or longer may help you avoid a situation where you claim only to find that your standard cover had lapsed because your property had been unoccupied for longer that the allowed number of days;
- remembering during your landlords insurance comparison that some providers may offer premium discounts in circumstances where you agree to accept a higher voluntary excess on your policy – reductions of up to 40% may be available in some circumstances.