Use your prudence and purchase Landlord insurance
Landlords who intend renting out their property should be careful in their decisions and purchase landlord insurance or buy to let landlord insurance, considering the huge amount of investment they make. Landlords who are prudent take our insurance which safeguards them against any damages which affects their property when they rent out their property.Your insurance policy would clearly state all the things which would get covered when you purchase the policy. The policy document is a key fact document which binds you and the insurance provider legally. A typical landlord Insurance policy would provide coverage for damages to your buildings, contents in your property and so on. On payment of an additional premium amount, the contents are also covered under the standard landlord policy. Many of the landlords do not furnish their property which means that the tenant has to purchase a separate tenant insurance for insuring his personal belongings and contents. The landlord is nowhere in the picture as far as the tenants contents are concerned.What exactly does one comprehend out of the above? If the landlord has given out a furnished property, then it is mandatory that he insures the property as well as his contents as the contents belongs to him and not the tenant.
Published: 29 April 2010, 11:00