IF you own a let property then getting low cost landlords insurance is an absolute priority to keep profitability as high as possible. This is your guide how to do that as quickly as possible.
The first thing you should do is go to The Property Insurer and click on the landlordís insurance page and get a quote. The quote takes roughly around one-minute to complete and will deliver a price to your screen.
This will be a good price Ė possibly the best and for those in a hurry or busy with their lives or business, this is probably the quickest way to let property insurance in the UK right now. It literally takes a minute and then you can buy online and be finished a couple of minutes later, with your policy details winging their way to you.
However, if you want to be sure you have got the cheapest price possible there is another step you need to take. It will take another 15-minutes but by the end of it you will know what the lowest cost renters insurance you can buy really is within a tiny margin. What I mean is you may be able to get it cheaper somewhere else but youíll need to devote days of research and effort to saving a pound or two and in my books that isnít worth it.
So, youíve got a good price from The Property Insurer. Now go to any of the major price comparison sites or call the ringing telephone that doesnít do price comparison sites. Go through their quote process and with exactly the same risk data, see what price they come up with.
Make sure the buildings insured value is the same and your excess is the same in all cases. It may sound trivial but you do not need more insurance than the rebuild of the property is worth (buildings only) and if your excess is higher or lower it can make a material difference to the price. Just compare apples with apples is what I am saying.
Now you have two prices and the time is right to decide where you will buy your insurance. Generally the lowest price will win if the cover is identical. You just need your credit or debit card handy to finish the process with whomever you choose.
The average price in the UK for landlords insurance is around £150 Ė so that gives you a good idea what you should be paying. If the property you rent is huge and in central London youíll pay more; if it is a two-bed semi in the midlands chances are youíll pay less.
Thatís how you buy low cost landlords insurance.
The Property Insurer