Becoming a landlord can be stressful, and thinking about insurance may not be at the top of your priority list, but it should be. Saying this, the is no legal obligation that you need to have buy to let insurance. However, most buy to let mortgages come with the condition that you need it.
Buy to let insurance is so important, it will cover you for eventualities which may occur within the house. For example, it will cover you for items such as vandalism, fire, flood and an injury placed within the house if it is your fault. Therefore, it will give you peace of mind that you are covered for all eventualities.
Will it cover contents insurance?
Often buy to let insurance does not cover contents insurance. So if you are renting the house with the furniture included; whether it is free standing white goods such as fridges or washing machines, then you will most likely have to open a separate policy. Replacing these items after a flood for example may cost a lot. Which is why contents insurance will give the landlord peace of mind.
The importance of buy to let insurance
Landlord insurance will protect you from the situations which may be difficult to resolve without this type of insurance. For example, if you ever find that a tenant doesn’t pay the rent, then buy to let insurance will cover you from this.
Buy to let insurance gives you the peace of mind, so click here for more information.
Or contact us to speak to one of our team, we are dedicated to getting you a competitive quote.