Landlord Contents Insurance – Can help to save money in the long term.
Compare the cheapest quotes for landlord contents insurance online easily and quickly across the top UK insurers in an instant. Many individual landlords and those with buy to let properties find it easier to let their assets as furnished. Do not be mistaken that a tenant cares about your belongings as much as they do their own. While any short term tenancy agreement will allow you to deduct amounts for contents or property from a deposit. This payment only stretches so far. Many incidents over consecutive tenancies could leave you out of pocket.
A furnished let usually includes many electrical goods, such as dishwasher, washing machine, fridge and cooker or microwave. What happens if any of these get stolen? Theft and malicious intent is a real possibility. Accidents can occur also. Red wine spills on sofas and carpets. Flooding in bathrooms or kitchens ruining tiles and carpets or causing an electrical fault.
The best landlord contents insurance policy will cover for a multitude of unforeseen events. Perhaps the tenant will forget to lock the door or a burglar breaks in and steals your belongings and trashes your property. Will the tenant pay in this situation? Possibly not. The financial risks for a landlord without contents insurance is very high. Especially if you have many properties within your buy to let business. Putting all furnished lets and the contents within under one single landlord contents insurance policy for property portfolios can save many thousands of pounds. Besides any insurance for contents which may cover for replacement and repairs to fixtures and fittings also. You need to consider the whole tenant scenario.
Helpful advice can also be sourced on the Residential Landlords Association (RLA) Cheap Landlord contents insurance premiums are optional or you can use them as a basis to build out your entire landlord insurance package. You can bolt on buildings insurance, legal expenses and emergency cover. There is also the option of a rent guarantee scheme which acts as a loss of rent insurance in the event a tenant fails to pay. The best landlord contents insurance policy will react to events as they unfold. Emergency repairs required? A tradesman will be despatched to make safe your property and undertake repairs 24 hours a day. Should the property need to be vacated, alternative accommodation will be found for the tenants. No rent paid? One phone call to the claim line and eviction procedures will begin. For an instance quote on cheap landlord contents insurance premiums and to build out your buy to let landlord’s portfolio policy, call us now for immediate cover.