Oadby, Leicestershire United Kingdom (PressExposure) April 18, 2007 -- If you are a landlord planning to rent out your second home to some ambitious property tycoon, then you should be careful about any imminent risks and damages. Purchasing landlord insurance is a realistic and preferred move to protect your assets and still enjoy a steady income from it. Landlord insurance or âbuy to letâ insurance is a cover that is similar to a landlord insurance policy.
When you purchase landlord insurance you get insurance cover for your property and contents from any unintentional damage. The insurance cover offers a portfolio of coverage schemes ranging from covering a single property to multiple properties.
If you are a landlord, your main aim will be an effective use of your property. When you rent out your property, it acts as an extra source of income. This is what makes the value of the property more to you and generates a need to protect it. A landlord insurance policy is very handy under such circumstances. If you purchase landlord insurance, you will have reasons to relax
Once you purchase landlord insurance, you get insured against the following:
â¢ If your property is dowsed by a fire, generally it takes the builders and decorators 3 months to repair. That is when your landlord insurance will becomes extremely useful. The insurance policy would not only pay for all of the repair work of the property but also pay you the rent that you are missing out on during this period.
â¢ There can be a minor brawl with your tenants, in which sometimes your tenants may stop paying the rent and even refuse to leave the property. It might be that you are forced to take them to court to. If you have purchased landlord insurance policy, then all of your costs accumulated in fighting the court case is likely to be refunded or compensated.
If you are looking for the right insurance company to purchase a landlord insurance policy then IPS Landlords Insurance is there for you. IPS Landlords Insurance provides landlords with good, affordable and effective insurance deals leading to total piece of mind. IPS Landlords Insurance understands that landlords face risks when letting out their property; thus it helps protect landlords against any unexpected incident. For more information on purchase landlord insurance, buy to let insurance and landlord building insurance providers visit www.ips-insurance.com.