Reduce your landlord insurance costs
How to keep landlord Insurance costs low
How landlords can save money by learning the best ways that keeps the costs of your landlord insurance minimal.
landlord, you must run your company like a business, landlords insurance
can be an important thing to have, even though it will cost you.
However, the money that you will spend on your landlord insurance
is really a small price to pay when you are trying to protect your
business and all of your assets. Of course you want to do your best to
keep your insurance costs low, so here are a few ways that you can keep
them as low as possible.
- One of
the best ways that you can work to keep your insurance costs as low as
possible is to make sure your tenants do not have pet like dogs and
- You’ll defiantly come across some sort of pet damage and you may
need to claim your policy for new contents.
- The longer you
go without making a claim, the more of a discount you can get.
- In fact,
some companies offer discounts that go up over 50%, which can offer you a
huge amount of savings on your landlord insurance the following year.
Keep your central heating system up to date
- Another way that you can keep your landlord insurance costs
low for your let property is to buy a new boiler and central heating
system if you can afford it.
- The newer the system is, the lesser the
risk of breaking down and this could end up costing you money because
landlord insurance companies will only pay for up to three callout per
- However, when
you have installed new systems, you can really save quite a bit of money
on the cost of your insurance because you never need to claim the
Never consider DSS tenants
another way that you can keep the cost of your policy low is to bypass
DDS tenant and only allow working people.
- There are different rules for
DDS tenant and folks on benefits are likely to cause you more hassle
than it worth.
- Also when you
pay annually for your policy, you’ll pay less up front for your
- You only have to be sure that you can afford to pay that
amount and should ask your insurance company if there are any other ways
to reduce your policy.
Compare landlord insurance companies with one form!
These are simple
ways that will help you to keep costs of landlord insurance as low as
possible. Use them all together and you can really begin to save.
Find out what landlord insurance costs you by comparing price right away, just click here.
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