Getting the Right Cover With A Landlord Insurance Policy

An Increase in Landlord Insurance Policies

The number of landlord insurance policies could grow in the third quarter of 2010 if estimates turn out to be correct. According to a recent study, 21% of landlords plan to buy more property in the third quarter of this year – an increase of 10% from the first quarter.

Opportunities in the market are driving this increase in interest and as is expected growth in tenant demand. Tenant demand remains strong and, due to a number of socio-economic and demographic reasons, looks set to remain that way.

In the first quarter of 2010 only 11% of landlords said they were looking to buy property whilst only 12% said the same in the second quarter.

Getting the Right Cover With A Landlord Insurance Policy

Whilst landlords look to purchase more property they will need to ensure that they have the right level of cover and a landlord insurance policy can provide this. A typical home insurance policy won’t be sufficient as landlords need to protect themselves and their tenants.

Landlords, who rely on their existing home insurance policy, might find that a claim won’t be valid if they haven’t informed their insurer that they are renting the property out to tenants.

Simple Landlord Insurance offer competitive landlord insurance policies for single properties or portfolios.