When starting your search for the best landlords insurance policy, you may want to start by thinking carefully about what the best policy really means for you.
It is not for anyone else to say what is best in your situation, and that is something which only you are able to do.
So it might be worth remembering this before you decide to purchase your buy to let insurance.
But once you understand this, what may you expect from landlords insurance?
Protection for the building
Your property is likely to be one of your largest assets, and it may therefore be a good idea to ensure that it is protected with let property insurance.
If your property gets damaged by fire or storms, you may be left with a large repair bill.
On top of that, you may not be able to charge rent to tenants if you are unable to let it out.
For that reason, when you start to look for the best landlords insurance policy you may want to make sure that damage to your property is covered, as well as landlords loss of rental income cover.
Protection for contents
If you have contents within the property, such as furnishings, a cooker or other items, then you may want to enjoy the peace of mind in knowing that these are protected.
There may be different levels of landlords protection for these, and some let property insurance policies may provide cover in certain situations only. For example, some may not cover theft by the tenants.
You may, however, be able to find a policy which covers malicious damage to your property by tenants, so this may be worth considering.
Legal protection may typically vary between insurance providers, but you may be able to find one with a level of cover which is suitable for you.
Some may not cover eviction of tenants or debt recovery, so this is something you may want to be careful with.
You may also be able to find separate unoccupied property insurance. This is where the property is left unoccupied for 30-45 consecutive days or more, and may be useful in certain circumstances.
However, this is typically a separate policy and may not be included on a standard landlord insurance policy.
Consider all your options
When looking for the best landlords insurance, the above are some of the things which may typically be included. However, the most important thing is to make sure you find a policy which is suitable in your circumstances.