:: Buy to Let Insurance
There are many limitations of regular home insurance where the needs of property landlords are concerned. So specialist landlorda EUROS TMs or buy-to-let insurance policies may be able to give you better cover. They also lower the risk of you being unable to claim should damage to the property occur.
The number of buy-to-let properties has increased substantially over recent years. According to the Council of Mortgage Lenders the number of buy-to-let mortgages has increased by 68% between the years 2003 and 2005. Because of this the number of specialist landlorda EUROS TMs insurance policies available has also increased as insurers aim to make the most of this market.
Special features of these policies normally include extra cover for ownersa EUROS TM liability and loss of rent should damage to the property mean it is empty for an extended period. There is also different levels of contents cover for furnished or unfurnished properties and unoccupied periods of up to 120 days allowed. However, there may be restrictions on letting the property to DSS tenants, students or asylum seekers.