Landlords should look around for the right insurance
Landlords thinking about insuring their property portfolio have been encouraged to look around for the deal that best suits them.
David Lawrenson, private rented sector expert at LettingFocus.com, said landlords should not take out the cover provided by buy to let mortgage lenders as they typically have their own insurance set up, limiting the options.
“I have always shopped around and have got a portfolio of properties that are all on the same renewal date. By having a lot of properties you can certainly get some serious degrees of competition going by shopping around,” he explained.
The expert went on to note that by shopping around it is possible to get a better level of cover and lower premiums.
“People really should shop around and ask for discounts as they are available,” he concluded.
His comments come after Rushbrook & Rathbone recently revealed that landlords are beginning to boost their property portfolio.
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