Let Insurance

As there are so many limitations of regular home insurance where the requirements of landlords are concerned, special landlord’s or buy-to-let insurance policies are likely to provide you with better cover and lower the risk of being unable to claim when damage to the property or its contents occurs.

The amount of buy-to-let properties has increased substantially in recent years – the number of buy to let mortgages increased by 68% between 2003 and 2005 according to the Council of Mortgage Lenders – which means there are a growing number of landlord’s insurance policies available as insurers aim to cater for this market.

Important features are included in these policies such as increased cover for owners’ liability and loss of rent should damage to the property mean it must stay empty, different levels of contents cover depending on whether the property is furnished or unfurnished and vacant periods of up to 120 days permitted. However, there may be restrictions on letting to DSS tenants, asylum seekers or students.