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Rush to landlord insurance reflects nervousness in market - claim

New data highlights an increase of 37 per cent in demand for landlord insurance in the first quarter of 2022, compared with the same period last year. 

This is according to Quotezone which says landlords are rushing to ensure they have additional income protection following five successive monthly interest rate rises. 

Quotezone founder Greg Wilson says: “It’s unsurprising that landlords have been keen to protect their incomes over the last few months.


"Although the buy-to-let market has been blooming, it is about to come under pressure from increases in taxes, interest rates and EPC reforms which will require some landlords to make costly energy efficient updates to their property.



“This will contribute to a squeeze in landlord income, so it’s essential that they take all the necessary precautions such as insurance, to help weather the storm and avoid any additional unexpected costs.

"Policies that include ‘rent guarantee insurance’ can also cover them if a tenant stops paying their rent.

“That being said, renters must also consider what they can do to reduce costs and avoid any surprise bills as rent and utility bills continue to increase. For example, as a renter, contents insurance policies may protect against accidental damage to belongings, but most policies will require this type of cover to be added as an extra.”

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    I thought rent guarantee insurance had died a death, due to the pandemic? Has it come back to life?


    Doubt it's worth the paper it's written, what are the odds of them paying out ? little and none


    I've saved upwards of £30k over the years by avoiding paying insurance on contents, valuables, accidental damage, health, legal assistance etc.

    I'm happy to take affordable risks and only insure against life changing catastrophies or legal obligations.

    I put landlord insurance premiums in the avoidable category.


    Robert I both agree and disagree, I have basic contents insurance at home - never claimed, myself and my wife have health insurance - never claimed.
    My father had been driving since the 1920 (yes I came along late in life) always insured his cars fully comp - never had a claim, until 1976 when he insured third party fire & theft - yes he had an accident and a nearly new car written off, sods law hey ? out of interest are your cars insured third party or fully comp, have you ever written one off


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