10:25 AM, 2nd June 2014, About 8 years ago 7
I manage a couple of properties for a landlord who has a portfolio of about 12 in total, all mortgage free. He is very old school and when I went through his property form he told me he hasn’t got Building Insurance and thinks its a waste of money (until lighting strikes, or the gas explosion).
I have insurance with all of my properties and wouldn’t dream of not having this in place. Other than him just being stupid .. do you have to have buildings cover on a buy to let if there is no mortgage on it?
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