Are you thinking about investing in landlord insurance? While it may not be a legal requirement, you’re leaving yourself open to a huge amount of risk without it. Waterfords Letting Agents with branches in Chobham, Fleet, Yateley and Camberley, take a look at the different types of landlord insurance to consider for your investment property.
What Is Landlord Insurance?
Landlord insurance provides you with protection against the risks associated with renting to tenants. Usually, landlord insurance includes protection against things like damages to the building or contents. But there are other optional policies you can take out, like cover for boiler breakages or missed rent payments.
What Type of Landlord Insurance Should You Get?
There are many different types of landlord insurance available. Each one will cover you for different circumstances. The main types of cover available include:
If you’re not sure which type of cover you need, speak to our friendly team at Waterfords Lettings for advice or check with your lender.
Waterfords strongly recommend Rent Guarantee Insurance
With the furlough scheme having come to an end in October, many companies who have taken a financial hit during the pandemic may no longer be able to afford to keep staff in the coming months. With increased redundancies likely into the new year, our lettings team strongly recommend investing in our Rent Guarantee Insurance.
Should your tenant default on their rental payments, you’ll find that the Rent Guarantee Insurance has a range of benefits, including:
Speak to Waterfords Lettings today
If you have any questions or would like to obtain a free, no obligation quote for Rent Guarantee or any type of landlord insurance for your investment property then please get in touch with our friendly Lettings team.