Buy to Let House Insurance

Buy to let house insurance is designed to protect residential property owners and landlords from the unexpected risks that may occur when letting properties in the UK.

Buy to let insurance overview

Buy to let insurance is comes in many different forms and combinations to ensure that the landlord insurance is adequate to protect their investment.

There are varying types of landlords needing varying types of insurance. Some landlords have one property whilst others have amassed a vast property portfolio. Whatever the size. There is an insurance that will cater for all. It may be worth taking out extra cover to protect you against losing your capital investment.

Buy to Let Insurance Cover

The following is a summary of the typical insurance covers which make up a landlords insurance policy.

Property Insurance: The building is generally insured against most risks such as flood and fire for the cost or repair or rebuilding. Even risks such as terrorism or subsidence can normally be purchased as optional extras for added security from most insurers.

Remember, when you declare the value of your property you are only estimating the cost of rebuilding it should it be destroyed, sometimes referred to as a total loss by insurance companies. Rates are calculated on the location of the property and then apply it to the amount to rebuild the building.

Just as you estimate the approximate value of your property; it is important not to underestimate the cost of rebuilding your property. If you have paid a lower premium by underestimating the Buildings Sum Insured, then the insurer will normally only pay your claims up to the proportion of the building that you have insured.

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