If you have purchased a property with a buy-to-let mortgage it is important to find the correct specialist cover that helps you in the event of various situations, such as loss of rent, damage to your property, and claims made against you after an injury at or damage to the property.
There is no legal requirement to have landlords insurance when you purchase a property and rent it out, but a normal home insurance policy will not cover you if you are renting out to tenants. There is always a risk should you decide not to take out Landlords Insurance cover.
In some instances a mortgage lender will also require you to have a valid insurance policy as a landlord before committing to allowing you to have tenants at the property as part of your mortgage. It provides you with peace of mind that your property is protected, even though you do not live in it. Whether there are tenants living at the property or it is sat vacant between lets, your insurance policy covers you financially. It will likely insure the building structure, the fixtures and fittings in the event of a fire, flood, storm, or accident, as well as for vacant periods.
At Central Mortgages we provide a range of insurance cover, including Landlords Insurance. If you want to ensure that you are fully covered with your buy-to-let property, contact our friendly team today and they will be happy to assist you in finding the right type of Landlords Insurance for your specific needs. Call us on 01277 630 183 or email office@centralmortgages.net.
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