If you own a rental property, it makes sense to protect your investment by putting in place a buy-to-let property insurance policy.
With this type of insurance, acts of theft and vandalism are covered, as are cases of damage or loss that arise from storms, fires, and floods. Beyond basic cover, you may want to investigate the different types of landlord insurance that can prove pivotal to protecting your property, such as:
Buildings insurance – this specifically covers structural damage, such as that caused by natural disasters
Content insurance – if you are letting out a furnished property, contents insurance will cover things like damage to fixtures and fittings, flooring and carpets, and even electrical items
Liability insurance – this insurance will cover you in the event of an accident and injury involving your tenants and/or visitors on site
Lose of rental income and any legal costs incurred by having bad tenants
At Ashleigh Green, our advisers can go through your needs to help you assess the right policy and lender for you.