Getting An Affordable Landlord Insurance Premium.

April 15, 2010 - PRLog -- This means premiums are often higher. However by comparing different prices it is possible to find an affordable insurance policy.

Choosing the appropriate landlord insurance policy.

You may be able to add a landlord insurance policy onto your home insurance policy by talking to your agent. Many insurance companies will offer a discount if you have more than one policy with them, however it pays to shop around as there are many different insurance companies specialising in buy-to-let insurance products. These products will specifically meet the needs of landlords and provides cover for the building, as well as exterior buildings such as sheds and garages, personal property kept inside such as furnishings, loss from disaster, fire, flood and vandalism as well as liability to the tenants and legal expenses.

A good insurance policy will also include cover for loss of income to protect you against rent arrears and you can additionally get cover for periods when your property is unoccupied.

It is important to ensure your property is fully insured and that the insurance company will pay to rebuild the whole property in case of a disaster. If you undervalue your property you won’t have enough to rebuild it if an accident happens and your investment can be lost. To get a lower premium you can increase the policy excess. This means you will pay more in the case of a claim so it is important to make sure this excess is affordable.
Increased safety measures reduce premiums.

By installing up-to-date safety features in your property such as security alarms, fire and smoke alarms and fire extinguishers you could take advantage of discounts from your insurance company, so make sure you tell them about these modifications when getting a quote.

It is vital to take out a landlord insurance policy that will protect your whole property and meets your specific needs. After all you have invested a lot into your buy-to-let property so make sure that it’s safe.

Get http://www.discountlandlord.co.uk/landlord-insurance.html today.

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Discount Landlord provides competitive landlord insurance and buy-to-let insurance underwritten by leading UK insurers. Our policies cover all standard perils. Quote and buy online 24/7.