How to Obtain
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I know most people buy their house insurance policies either through their buy to let mortgage lender or over the internet. Online, they click on the first website that flashes a great deal. They find out later, after making a claim, about the high excess costs that they're liable for. Paying a high excess is one of the ways insurance companies reduce their premiums from the outset.
To be fair, you can either go with your mortgage lender's recommended insurance company or spend all day on the phone searching for the cheapest buy to let insurances. Most people take the easy option and go with the mortgage lenders recommendation. It's far easier just to sign on the dotted line after making your buy to let mortgage application. After all, who wants to spend all day on the phone searching for the cheapest buy to let insurances.
I recommend that the best way to find low cost cover is to use the services of an insurance broker. Find one who is able to obtain discounted rates from the insurers because of the volume of business that they send to them. These types of insurance brokers are able to match insurance products with your needs and save you time and money in the process.
If you try approaching companies directly, how will you know if the policies they offer are competitive in the market place? Or if you're offered a policy via your mortgage company, how will you compare this with other products in the market?
In the end, I don't really think you'll find much difference in premiums from one company to the next. Most insurance companies try to limit their liability with fancy wordings in the policy.
Remember this is one area of your business that you don't want to cut corners on to save a few pounds here and there. Use your judgement to search for the cheapest buy to let insurances.
Return from Cheapest Buy to let Insurances to Buy to Let House Insurance
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