10 Jan

Buy to let owners told to get right insurance policy

Buy to let owners told to get right insurance policy

Buy to let owners have been advised to make sure they have the right insurance policy in place.

More Than Business has said January is a good time for landlords to check their protection covers and shop around to see if they could get a better quote on their renewal.

Mike Bowman, head of the company, advised buy to let owners to look at their finances for the year ahead and see whether they have the "right insurance in place and at the right price".

He commented: "Many landlords don't realise that ordinary home insurance isn't suitable for their needs and might not be valid should the worst happen and they have to make a claim."

Mr Bowman said a good protection policy will offer cover in situations such as vandalism and illegal activities by tenants.

This comes after Chris Horne, editor of the Property Hawk website, predicted that there will be strong demand for buy to let properties over the year, as uncertainty about the economy is likely to remain.  ADNFCR-1222-ID-800331994-ADNFCR

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