There
has been a question that is repeatedly asked in the
world of renters insurance for a long time now and it
is one that has an easy answer but many people still
don't seem to know it. The question that I am talking
about is what is the difference between Landlord Insurance
and Buy to Let Insurance?
The answer is
that they are the same thing; they are both types of
insurance for someone that rents a property out. This
seemed like a simple answer to me at the time when I
was asked it but then I realised that there were 2 main
types of people that get this type of insurance and
this seemed to determine why people were asking for
the same thing under two different names.
The
first type of person is someone that actually buys the
property with the intention to rent it out all along
and never live in it themselves, these people tend to
ask for Buy to Let Insurance because that is what they
are doing they are Buying to Let, whereas the other
type of people are ones that have a house and then move
out to rent it out and become Landlords hence these
people will ask for Landlord Insurance.
However
I want to get the answer out there that no matter what
you ask for (either Buy to Let or Landlord Insurance)
you will be given the same quote and it will be to protect
the building that you rent out and if you leave any
contents in there for the tenant then you can also protect
them under a Buildings and Contents policy or even do
them separately if you wish.
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