Top 10 Insurance Do's and Don'ts for Landlords
- Do make sure you have bespoke buildings and contents insurance that covers a buy to let
- If you decide to rent out your own home, don’t assume your existing insurance company will cover you letting it
- Do make sure your lender and insurance company are aware you are letting out your property
- Don’t simply buy the first landlord’s insurance policy you find
- Do make sure you compare at least three different policies and understand exactly what cover it is you are paying for
- Don’t just compare on a price, compare on cover as well
- Do consider choosing an insurance policy which covers you for accidental and malicious damage by tenants
- Don’t let to a tenant without reference checks
- Do make sure your tenants are properly credit checked
- Don’t assume your tenants will always pay the rent