Many of us like to think we are getting the best deal possible and that leads to questions relating to how to find the best landlords’ insurance cover.
Some of those questions are listed here and some responses offered.
Who offers the best landlords’ insurance?
Although it is understandable why the question is asked, it is impossible to answer.
The fact of the matter is that the best landlords’ insurance company for one landlord might not prove to be the best for another.
There are a huge number of variables that need to be taken into account before selecting a policy. That might include things such as the type of property you have, the type of tenancies you are involved in and the value of your contents etc.
Different insurance companies might offer more suitable policies depending upon how you answer those and other similar questions.
At Cover4LetProperty, we will commit to working to help you find suitable cover for your particular situation.
Where can I find cheap landlords cover?
This is a rather a risky approach to adopt when searching for a policy to protect a major financial asset.
It is really more advisable to focus your attention on finding a policy that is a good match for your particular circumstances and which offers you the cover you may need in order to provide a degree of financial peace of mind.
Having what you might call a cheap policy won’t be of any consolation to you in a situation where you have tried to make a claim against it, only to find that the circumstances are not covered.
So, is there nothing I can do to reduce my costs?
You might well have more options available in this area than you at first imagine.
For example, you may be able to increase the amount of voluntary excess you take on your policy and in return look to achieve a significant discount on your premium.
Another option might be to take advantage of any discounts offered for things such as enhanced safety and security measures adopted around your property or properties.
You might be able to identify a number of other such opportunities if you read your policy and work closely with your insurance provider.
What have small claims to do with insurance costs?
You might find that one of the biggest factors in keeping your costs down is any no claims discount that you have earned over time.
In some situations, you might put that discount of risk if you progress a claim for a relatively modest amount of money.
In some circumstances, it might make more sense to meet the costs of the problem yourself and thereby protect your no claims discount.