Cheap Landlord Insurance

More than ever before it is even more important to ensure that you are not only adequately insured, but also that the premiums you pay represent the best value available in the market. Increasing costs put pressure on landlords to find cheaper insurance.

How to obtain cheap landlord insurance

Add security to your property
As with normal household insurance property insurance substantial savings can be made to you premiums with the addition of intruder alarms and insurance rated locks.
A secure property is at less risk of damage and demonstrates to insurance companies that you care about your property. This simple low cost upgrade can pay for itself with cheaper landlord insurance for years.

Shop around for cheap landlord insurance
Insurance companies specialize in different area of the market and their rates alter accordingly, by comparing different insurers online you can save both time and money and get yourself cheap landlords insurance.

Buildings sum Insured
To ensure you are paying the correct premium, make sure that you have the correct sum insured. House rebuild costs (depending on your property location) are generally lower than the property value. To obtain an accurate price it’s essential to ensure you have the correct sum insured. The best way to find out is from a professional survey of the property.

One Landlord Insurance policy for you property portfolio
If you have a portfolio of properties, instead of insuring your properties individually you can add them to one policy with one common renewal date. The savings made can be huge with no difference in the cover you will receive.

Add a Voluntary Excess to your Landlord policy
By adding a voluntary excess to your policy which is in addition to your policies compulsory excess you make substantial savings on your landlord insurance premiums.

Don’t make small claims on your landlord insurance policy
Just because you can claim does not mean it is in your best interest to do so. making small claims on your policy means that you lose any no claims discount you have built up which may lead to increased premiums at renewal.

Pay for your policy in advance
Although it is often possible to buy your landlord Insurance policy on instalments, this often attracts interest all adding to the overall cost of insurance.

Remember Cheap Landlord insurance does not mean cheap cover
Following the simple guide above you can find cheap landlord insurance with little or no loss of the cover you need.