Insurance News Archive
Property owners urged to seek the right insurance cover
Property owners are being urged to speak to specialists in insurance when taking out policies, including buy to let buildings insurance.
Daniel Jewell, senior sales manager at the Business Octopus believes that landlords need to make sure they have the right policy. This is not just to save money but to keep them covered for common problems.
In order to do this he suggested speaking to a specialist provider and asking as many questions as possible to find answers.
Mr Jewell said: "There are so many different things that you can add on to insurance - like legal expenses, rent guarantee, rent protection."
"It is just a case of speaking to a specialist and tailoring it around the type of tenant that you have got and the type of property that you have got."
Research conducted by the National Landlords Association revealed many landlords believe an interest rate rise of even one per cent would have a negative effect on their business.
Posted by Michael Brown
15 Aug 2011
