Buy-to-let landlords must look into all factors of their insurance

November 9, 2011

CIA Let Property Blog

Buy-to-let property landlords have been advised to look at all of the factors when taking out insurance to protect their portfolio.

 Landlords have been urged to check how long their properties can be vacant for, loss of rent cover, damage caused by tenants and employers’ liability issues. This has all been analysed by Defaqto a research company who researched 87 buy-to-let policies.

Mike Powell, Defaqto’s insight analyst for general insurance, said: “It is important for amateur landlords to consider specialist insurance for their property portfolio as there are a number of key risks that are specific to rental situations.”

He added: “In general, buy-to-let insurance provides cover over and above regular home insurance policies when it comes to rental situations, and it would be dangerous for someone to assume that their home insurance would provide adequate cover for their buy-to-let property.”

Source – news.assetz.co.uk

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