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just about to rent out my house to my daughter. camcelled my own buildings and contents cover, so now ill need landlords insurance on that house, and contents on new rented property that we'll be living in.
do i need to do this seperately, or is it possible (and cheaper, and less faff) to insure 2 different properties on the same policy, one for buildings, the other for contents?
first time at this so no idea really :-/
thanks
Very much doubt you'll get the two houses on one policy, but the same insurance provider may offer a discount on 2nd policy. I could be very wrong though.
We insure our house with M&S (or did at the time). We now own mum's house, and got landlord's insurance over that house. She has then gone with M&S for contents.
So I'd say keep it well-defined, your own insurer may do a good deal on landlord's insurance or at least buildings cover on a house rented to family member.
Leaves you free to shop around or if they pull the plug, you can simply swap one policy for another.
From experience (i'm a specialist let premises insurance broker)You'll be better off doing them separate.
thanks. i was with m&s, but they said they wouldnt do landlords insurance, only contents, so just started looking around. just wondered if i could keep it simple 🙂
cheers
They might have tightened things up then. It was OK if to a family member in our case.
Zurich insure my BTL , Buildings and contents , loss of income , 3rd party liabiltiy , uninhabitable cover if for some reason it becomes neccessary to rehome the tenants
Sorry to barge in with a question rather than an answer, but this post reminded me: I notice that insurance companies are advertising tenant's insurance and landlord's insurance. As a short-term tenant, I was wondering how they differ in what they cover? The cynical part of me thinks that it smacks of insurance companies cashing in twice for parts of the respective policies.
Anyone know?