There is a little problem here, which is that most buy to let landlords don’t really know what they are doing. That is to say, a lot of buy to let owners have sort of fallen into their current position, usually because they have some capital kicking around that they would like to invest, and have heard that buy to let is a good way to do it. Which indeed it is. The thing is, unless you really know your way around, you can be taken for a pretty long ride by an insurance agent – and buy to let is prime territory for that to happen. If you’re looking for the best buy to let insurance contents cover you can find, for example, you may be bamboozled into thinking that you need to pay more than you really do, simply because you are new to the whole landlord game and aren’t sure how much cover you get as standard on a basic insurance package.
As a rule, buy to let cover occupies pretty much the same ground no matter what policy you choose to go with. That’s because being a buy to let landlord is such a specific thing, both legally and in terms of risk to property and investment. As such, all buy to let cover should be costing you pretty much the same – the only thing that should make a difference to your premiums is the address of your property, the age and employment of your tenants, and the amount you pay in mortgage on the building. Cheap buy to let insurance, then, is any policy that gives you the cover you need, in terms of all these things, without charging you the average price for your circumstances.
Do beware any buy to let cover policy that seems to cost less than all the others, mind. Your gran probably used to tell you the same thing mine did, which is that when something looks too good to be true it probably is. You can’t afford to go making that kind of mistake with buy to let insurance contents cover.