Landlords to have Adequate Insurance for Buy-To-Let

Landlords should be aware that they need to take out specialist Landlord Insurance Cover for their properties. Standard Home Insurance will not provide the adequate amount of cover for buy-to-let properties and Landlords should always ensure that they are well covered.

Cover needs to be taken to ensure for example ‘ if a tile fell off the roof and someone was injured on the property’. With around 170,000 buy-to-let mortgages being advance in the first half of 2007, this recommendation applied to a lot of Landlords.

Hazel Rees, account handler at insurance brokers Rawlins said “There’s cover on the building itself, landlord’s contents that are in there, and public liability. Those are the main [areas] that you need as a landlord. Then there’s also extra cover that you can take out for legal expenses,”

Ms Rees added that having only standard home insurance could lead to problems for the landlord.

It is also important to ensure that the mortgage lender has been informed that the property is let as this could cause problems in the event of a claim.

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