Buy To Let Insurance

Buy to let insurance is a tailor made insurance policy specifically designed for landlords(i.e someone who rents a property out to a tenant). A buy to let insurance policy may not be legally required but is recommended for a number of reasons such as protecting your property against risks such as fire and flood. You can obtain an online quotation for cheap buy to let insurance within a few minutes by answering a few simple questions about your property on our instant online quote system which provides competitive buy to let building insurance quotes and cheap buy to let contents insurance policies which can be paid by credit/debit card or monthly direct debit.

Some landlords make the mistake of leaving a buy to let property insured under a standard household policy which usually won't provide any cover for a property which is being let which is why you need to arrange a specific buy to let insurance policy to protect your property or contents. Many mortgage providers will insist on seeing valid buy to let insurance in place before they will release funds since they obviously have an interest in the property themselves. Because we specialise in buy to let insurance we can usually provide copies of documents via fax or email (on request) the same day that payment is made. Sometimes this kind of policy will be referred to as a landlords insurance policy instead of buy to let, generally the terms relate to the same type of policy. As long as your insurance is specifically for let properties then you should find that the cover provided far surpasses that of standard household insurance cover with additional extras such as let property owners liability.

A buy to let insurance policy provides benefits such as loss of rent or alternative accomidation(following an insured peril) and property owners liability which as standard would not be included in a household insurance policy. Obviously to protect yourself should you be held liable for an injury your tenant may encounter within your property it is wise to have a buy to let insurance policy which includes property owners liability as standard. Obviously public liability insurance is different from property owners.



A buy to let insurance quote will usually include cover for perils such as the following with regards to landlords building insurance:

• Fire
• Lightning
• Storm
• Explosion
• Earthquake
• Flood
• Subsidence
• Property owners liabiity
• Riot
• Civil commotion
• Malicious Damage
• Theft or attempted theft
• Buy to let home insurance

Obviously policies from different insurers will vary in cover which is why it is crucial that you read the full quotation details and keyfacts of a policy before proceeding with immediate insurance cover. When arranging your landlords contents insurance it is important to remember that generally your buy to let policy will not provide any cover for contents owned by the tenant, instead the policy will provide cover for contents within the property which are owned by the landlord but are there for use by the tenant. Some examples of contents which would usually be covered if you have opted for this cover would be carpets, curtains and whitegoods.

The following are factors which can have an effect on how much you pay for the insurance for your buy to let property:

• Postcode - While you may find it cheaper to buy properties based on the location they reside you should take into account that some areas may actually create a problem for a landlord in the sense that there is a low amount of people which are living in rented accommodation or that your insurance premium is actually higher because it is based in an area known to generally be a higher flood risk or even a high crime rate area.
• Year built - The year in which your let property was built can have an effect on how cheap your insurance is, for example some insurers may provide a lower cost quotation if the property was built in the last few years compared to a building which was built a hundred years ago.
• Cover - As a broker we can provide buy to let building insurance and buy to let contents insurance meaning that depending on your requirements you may pay less if you required say buildings only compared to buildings and contents.
• Sum Insured - The building sum insured should be based on the rebuild value of the property and not the sale price. Generally the higher this value is the higher your premium will be, the same for the contents sum insured. So for example you may pay a low cost premium if you were to insure a building at the re-instatement value of £100,000 as aposed to insuring a property for the re-instatement value of £200,000.
• Accidental Damage - As standard our policies provide an extremely comphrensive level of cover but for the landlord that wants to go that little further we provide the option of accidental damage for the building, this usually only increases the premium by a minimal amount making it well worth the small additional cost.
• Tenant type - We understand how frustrating it can be having to pay over the odds for your let property insurance because of the tenant type you have in your property, for example some insurers charge alot more for student let properties than a property let to DSS(council) benefit recipients or professional working people, for this reason we use a panel of insurers who all rate differently based on tenant type meaning you get a competitive quotation.

Searching for a cheap quote online can be very time consuming to say the least. When obtaining a landlord insurance quote it is important to remember that you want to place your let property on cover with a well known reputable insurer, to provide the best protection for our clients we only deal with respectable insurers which have track records for dealing with claims swiftly and fairly. We have created our own instant online quotation system to provide quotes from several different insurance companies to make sure we are competitive for your buy to let insurance in the UK.