Do Landlords Need Building Insurance?
For people letting out their property it is imperative that you cover your asset against the inconceivable happening. It would be unimaginable to lose the money you gain from renting your properties because no insurance policy was in place. You may think that you are saving a few pounds in these difficult financial times but without an insurance premium it could definitely get much, much worse, so why take the risk. If for some reason you do not have a building insurance policy then I would advise you take one out immediately, otherwise the financial repercussions could be astronomical. Just imagine if you were unfortunate enough to experience fire damage or flooding to your property and you had no cover. Landlords Building Insurance will vary in price depending on some of the conditions. It could depend on the type of tenants you have in your property or where the let property is located and also any rebuild value the property may have. Provided your property has a low rebuild value t
