Landlords buildings insurance |
0800 1696 137 |
Landlords buildings insuranceLandlords buildings insurance is a specific policy to provide cover for your let property against major perils such as fire, flood and subsidence, as a landlord it is important to be aware that a standard home insurance policy usually will not provide cover once a property is being let out to a tenant since this is considered to be a different risk than if you were living in the property yourself. How do I know the Rebuild value?When arranging your buildings insurance it is very important to remember that you need to insure the building for its rebuild(reinstatement) value and not the sale price which is very often a higher figure. Over insuring your building will obviously result in a higher premium which decreases your chances of a cheap policy whereas under insuring your property could result in a claim being repudiated. The only accurate way to obtain the rebuild value for your landlords house is to have a full buildings survey performed by a professional and submit this as the rebuild value when performing your quote. Landlords house insurance
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