14:21 PM, 27th October 2010, About 12 years ago
Buy to let landlords should ignore the myths about insurance and make sure they have the best cover at the best price, says the Association of British Insurers (ABI).
Property investors and homeowners spend billions every year or buildings and contents cover, often without understanding the terms and conditions of their polices.
The latest figures for property insurance show premiums totalled £8.8 billion in 2008.
Maggie Craig, the ABI’s acting director general, said: “In the current economic climate, it is even more important people are not under-insured or put off getting vital cover because they don’t understand how insurance works.”
She went on to reveal the five most misunderstood points about property insurance:
“People with questions about their insurance should always talk to their insurer or an insurance broker to make sure they have the right level of cover for their needs,” said Ms Craig.
The Money Centre’s block policy is priced from £1 per £1,000 of buildings insurance cover. We will be pleased introduce you to the administrators of our Insurance Scheme and they will be delighted to provide a free, without obligation review of your insurance policy and to discuss the terms with you as well as providing an alternative quotation. For further details please fax or email us a copy of your policy schedule. Fax 01603 428545 or email InsuranceRenewals@themoneycentre.com Alternatively, please call Paul Baudinet on 01603 428588.