Landlords Insurance - Landing the Right Policy

    SURREY, ENGLAND, April 30, 2009 /24-7PressRelease/ -- Commercial Plan Insurance are the landlords insurance experts, and have been providing tailor-made landlords insurance policies to customers for over 35 years. With the current slump in the property market, the company has welcomed a growth in new customers seeking high-quality landlords insurance, as increasing numbers of homeowners wanting to move house are deciding to rent out their home, rather than wait for it to sell. For these first-time landlords, getting adequate landlords insurance is an essential step to ensure they are covered against any number of pitfalls - from unauthorised tenants refusing to leave, to loss of income should there be a fire at the property.

Nick Cole, Commercial Plan Insurance's specialist on landlords insurance, says:

"Many first time landlords think that they are covered by ordinary buildings and contents insurance, but any claim made on a normal household policy would usually be rejected. Therefore, specialist landlords insurance is vital to ensure that landlords are adequately protected."

In fact, most buy-to-let mortgage companies insist that landlords have adequate landlord insurance as part of their contractual agreement.

Experienced landlords will know that landlords insurance gives them protection against a number of factors not included on a normal household policy. "A good landlords insurance policy, like the ones we provide at Commercial Plan Insurance, can cover a landlord in the event of the loss of income due to a tenant leaving unexpectedly due to flooding, the cost of re-housing a tenant should there be damage to the property, and the landlord's contents, should the property be furnished." says Nick. "Many of our landlords insurance policies also offer protection against the cost of evicting unauthorised tenants and legal defence costs."

A good quality landlords insurance policy which has been tailored to the customer will not only give landlords protection, but also peace of mind. However, there are also a number of ways that landlords can avoid having to make a claim on their landlords insurance policy, and help themselves and their tenants in the process. Nick says: "When you take on new tenants, make sure you give them more than a quick tour of the house. If you tell them where the fuse box is, they can cope in a blackout. If you show them where the stop-cock is, they'll be able to turn the water off and avoid a flood. If you show them ways to look after your property, then hopefully, they will!"

Nick is also keen to ensure his landlords insurance customers are also aware of the legal requirements for landlords renting properties. "As more and more people enter the buy-to-let market, landlord insurance is just one of the areas they have to know about," he says. "They should also be aware that the law requires them to have a gas certificate (a copy for the landlord and the tenant) an energy performance certificate, and their tenants deposit should be protected through a tenancy deposit scheme. There's a lot to being a landlord, but having good landlords insurance does make things that little bit easier!"

Commercial Plan Insurance can provide a range of landlords insurancepolicies tailor-made to customers requirements.

Call Commercial Plan Insurance now on 0844 576 5756 & Save

Commercial Plan Insurance has been in operation since 2001 and specialises in landlords insurance haulage insurance and truck insurance. Commercial Plan Insurance is a trading name of The Plan Group Ltd. The Plan Group Limited offers an extensive range of insurance products via specialist departments Plan Insurance Commercial Plan Insurance Chauffeur Plan Insurance and Trade Plan Insurance.

Source: The Plan Group Ltd
Website: http://www.commercialplaninsurance.co.uk

# # #