Residential landlords warned not to cut let property insurance as way of saving money

Landlords have been warned not to cut their let property insurance as a means to lower their overheads and boost rental yields during the recession.

Those that do leave their properties open to the risk of not being recompensed for the loss of their investment should an unfortunate event such as fire or flood occurs.

Also those residential landlords who have a mortgage secured against their property will be obliged to have let property insurance in place by their mortgage company, this is in order to protect the mortgage companies stake in the property.

Those properties offered for rent without let property insurance in place may be less attractive to potential tenants as for them it represents a greater risk of losing the roof over their head should the property become unliveable.

Landlords can ensure that they have the best cost effective let property insurance by getting a quote from Insure My Letproperty who offer comparative let property insurance, either online or over the phone, from a panel of insurance companies

February 20^th 2009

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