Article by Home and Legacy
Securing housing is one of the primary expenses in everybody’s financial budget. Protecting the investment is important. Homes are often passed down from one generation to the next. Many people who acquire property via inheritance decide to become landlords. Investment properties often take a large amount of time and monetary investment to maintain. If you are letting, you should be aware there are important differences between specialist buy to let property insurance, and other available insurance options. Here are a few tips on how purchasing specialist landlord insurance can help you to secure your investment.
Understanding buy to let landlord insurance is important for every investment property owner. The coverage on a buy to let insurance policy typically includes landlord property insurance, liability insurance, and contents insurance.
Landlord contents insurance protects the contents that you leave in your property from damage that may occur while the home is occupied by the tenant. Cover is provided for damage that results from unforeseen circumstances such as fire, theft, flood or storm and some policies can even include protection against theft by tenants or damage caused by the tenants.
Buy to let insurance is also available to help to protect the rental income which you will receive every month from your tenants.
With adequate insurance protection in place landlords renting out their personal homes can rest assured that their homes will be protected against most natural disasters and damage caused by the tenants.
Many of life’s unexpected events can be financially devastating for the unprepared. The time spent understanding and securing the right insurance coverage will ensure you are adequately protected.
Use these tips to help you obtain the best insurance product for your home that you are renting out or several rental properties.
Home & Legacy provides household insurance, travel and motor insurance for mid/high net worth individuals and landlord insurance policies at competitive rates.
Customers can visit http://www.homeandlegacy.co.uk for further information.
Home & Legacy Insurance Services Limited is a wholly owned subsidiary of Allianz Holdings plc, registered in England number 3007252. Registered office: 57 Ladymead, Guildford, Surrey, GU1 IDB.Home & Legacy Insurance Services Limited is authorised and regulated by the Financial Services Authority.
For all additional press queries please get in touch with: Dan Tunna using dan.tunna@allianz.co.uk or otherwise call 01483 552 969
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http://www.homeandlegacy.co.uk