Buildings insurance for a property is generally the responsibility of the owner or landlord. Tenants must still take out contents insurance to cover their possessions if they want to be protected against theft or fire damage, though for example. This is even more relevant in a House in Multiple Occupation letting to students or professionals.
If you are a landlord renting out a furnished property including HMO’s you will be well advised to take out contents insurance to cover your own belongings, personally, I usually take out £10,000 for the contents of a furnished HMO. I will also consider taking out some contents insurance for self contained units in not so desirable areas where there is a higher risk of malicious damage by the tenant or a break in. Continue reading Get the Right Landlord Property Insurance
Readyclaim.co.uk are making it even more difficult for landlords to avoid adopting new technology as they launch their new online asset management tool.
Readyclaim believe their tool will make easier and more accurate insurance claims as users can take pictures of their assets and attach pictures of receipts or invoices to it. Continue reading New App to Help Contents Claims
"Confused by all the buy to let insurance deals?"
Inexperienced landlords can quickly find themselves out of pocket if they fail to protect their property with specialist buy to let insurance.
Rental property must have the right protection as insurers will refuse to settle a claim if standard homes cover is in place.
Landlord insurance is like any other cover – the features, benefits and costs vary between insurers, so here’s a quick guide to the basics for new property investors: Continue reading Buy to Let Insurance Basics
By Neil Patterson, Partner of The Money Centre.
Remember; insurance companies have to make money too, but as a landlord if you understand how they price schemes and view risk you can maximise savings on your portfolio.
Continue reading Landlords Insurance Tips – reduce costs, minimise risk