Purchasing property is a big investment, and one not to be taken lightly. Many people have found the buy to let option to be the best way for them to get a foot on the property ladder, and even experienced developers are seeing the benefits that consistent income from rentals can bring.
However, too often home owners are caught out by the extra red tape found with letting multiple properties. One area that is often overlooked is how landlords should go about insuring their new properties. If you have bought a property you intend to use for rental to tenants, you will need to buy landlord insurance for it. This will usually cover the property itself, but some policies also insure the contents too.
Some landlords decide to expand their property portfolio and buy multiple properties to use for renting out to tenants. If this applies to you, you’ll need to make sure each property is insured. If you only get one additional property you may be happy to take out another landlord insurance policy. However you may want to find out more about landlord insurance for multiple properties first.