When you rent a property, either on your own or with other people, you will probably want to know that your personal possessions are protected. For this reason, it’s worth looking into tenant contents insurance.
As a new or experienced buy-to-let landlord, or for those interested in becoming one, the topic of landlord insurance can seem overwhelming. There are different types, a variety of providers and specific, individual factors to take in to account.
Some private landlords don’t bother with landlord insurance – especially if they own a flat and already pay for buildings insurance as part of their service charges – but this can be a dangerous strategy. Taking out specialist landlord insurance makes being a landlord a distinctly less risky gig, and it’s often not particularly expensive if you shop around and make sure you’re buying cover that suits your requirements.
Invalidating your home insurance can be surprisingly easy. Forgetting to set your house alarm or close a downstairs window when you go out, may be all it takes for insurers to refuse to pay out if you’re burgled.
When you make changes to your home or lifestyle, such as taking in a lodger to boost your income, or starting up a small business from your kitchen table, this can also have an impact on home insurance.
You obviously want to protect your biggest asset as far as possible, so what other instances or events might invalidate your home insurance policy?