Buy to Let Insurance: 5 commonly asked questions

Buy to Let Insurance can benefit those of you who own a portfolio of properties, or even a single rental property. For most who buy to let, their property is not just an investment, but their livelihood.

At Safely Insured we want to ensure the best protection is available in order to protect your most valuable assets (besides your health, of course). We provide this type of insurance for both residential and commercial landlords.

The Safely Insured Buy to Let Insurance policies offer cover for:

• Buildings and contents cover
• Let holiday home cover
• Loss of rent guarantee cover
• Terrorism cover
• Legal expenses cover

Our policies also have the ability to cover different types of properties. For example:

• Blocks of flats
• Conversions
• Let holiday homes

Buy to Let Insurance - Q&A

Here are some frequently asked questions many potential / actual Buy to Let Insurance customers ask:

• Are you able to insure my property if it becomes unoccupied?

Yes, all of the Safely Insured policies have the facility to continue covering your property in the event that it becomes vacant.

• How do I know how much to insure my buildings for?

The sum declared on your policy must represent the full rebuilding cost of your property rather than the market value of your property. Are you unsure about how much to insure your buildings for? If so, then visit the Association of British Insurers website - it has an online calculator which can assist.

Click here to access the ABI link to the online calculator.

• Can you provide a Landlords Insurance policy if I let my property to students, DSS tenants or asylum seekers?

Yes, at Safely Insured we have facilities in place to cover numerous tenants, at competitive prices.

• What does 'Loss of rent guarantee' cover me against?

If this is part of your Buy to Let Insurance policy, it will protect you against any loss of rental income in the event that your property becomes uninhabitable from an insured risk. It will also cover the cost of alternative residential accommodation in the meantime.

• After I purchase the policy, can I add more properties to it?

Whether you own a single property for buy to let purposes, or a portfolio of properties, in which have different insurance renewal dates, you will still be able to insure them under one policy. Each property can be added and taken off the policy as required.

Still looking for answers in relation to Buy to Let Insurance? Visit the Buy To Let Insurance webpage on the Safely Insured website for further information.