Special Landlords Insurance Policies

Special policies

Given that there are so many limitations of regular home insurance where the needs of those letting property are concerned, specialist landlord’s or buy-to-let insurance policies can provide better cover and decrease the risk of being unable to claim when damage to the structure or contents of the property occurs.

As the number of buy-to-let properties has increased substantially in recent years – the number of buy-to-let mortgages increased by 68% between 2003 and 2005 according to the Council of Mortgage Lenders – the number of landlord’s insurance policies available has also increased as insurers aim to cater for this market.

Additional features included in these policies include increased cover for owners’ liability and loss of rent if damage to the property means it is empty for a time, different levels of contents cover according to whether the property is let furnished or unfurnished and unoccupied periods of up to 120 days permitted. However, there may be restrictions on letting to DSS tenants, students or asylum seekers.

Landlord Insurance
Buy to Let News
Buy To Let Landlords Plan to expand - A survey of landlords carried out by a Buy To Let Property...