Landlords insurance

Over the years, many more properties in the UK are being rented out thus increasing the requirement for landlords insurance. Many people are moving abroad but deciding to let their property rather than sell it. This is probably as a back up, in case they decide to move back to the UK, or simply to earn an income from the property knowing that they always have the ability to sell the property at a later date having probably made money on the house due to ever increasing property prices.

Other reasons for increase in rented properties nowadays is that as buying a property is so expensive, many people cannot afford a mortgage so have no option but to rent a property. As the need to rent properties has increased, so to have the amount of landlords increased to accommodate this market. People are noticing that there is far more benefit to letting their property than actually selling it.

As a landlords insurance provider, we are also noticing a trend of people buying properties simply to let them out. These people often want buy-to-let insurance but it is exactly the same as landlords insurance, just referred to differently. This is in the same way you may look for motor insurance or car insurance.