Monthly Archives: January 2017
Cost vs Quality Of Cover
If you are a landlord, either experienced or new to the rentals property market, then one of the things that you will no doubt wish to make sure is in place is that you have suitable landlord insurance. It probably does not come as a surprise to read that there are numerous providers of such cover so what is important to you when deciding whom to arrange your landlord insurance with? Well, there will be many people who are driven by cost who are looking for the cheapest cover possible as they are on a very tight budget. There will be others who are not concerned about the cost who want a policy that provides fantastic cover. Because there are an awful lot of insurance companies that provide landlord insurance who are probably competing with each other this surely should only prove beneficial to the landlord looking for such cover. Some of the insurance companies may decide to compete on price and/or the level of cover offered. Surely it is important that the landlord insurance policy that you arrange, as a minimum, provides you with the level of cover that meets your requirements to provide you with peace of mind….
Should You Pay Monthly Or Annually For Your Cover?
If you are looking to arrange landlord insurance to cover your investment property then one of the decisions that you will need to make is whether to spread the annual cost on a monthly basis or pay for the total amount all in one go as a single premium when arranging the cover. So, let us have a look at some of the pros and cons of both options. If you pay for the cover on a monthly basis then this may assist your cash flow at a time when you may have additional things to buy if you have just purchased your investment property to let out to a tenant. Many people find it easier to pay monthly rather than annually as they don’t have to worry about making sure that the funds are their to meet the annual premium all in one go whereas it may be easier to have the funds available each month. A downside of deciding to pay for your landlord insurance on a monthly basis is that it is quite likely that the insurance company will charge you interest taking into account the cost of the cover as, to all intents and purposes, you…