Lismore House, 28b Wilton Road, Reading, RG30 2SS.
Although not legally required, you will have to take out buildings cover if your buy-to-let property is mortgaged, however we feel it is important to have building insurance even without a mortgage.
Out landlord building insurance solutions will cover the property, including outbuildings and fitted interior units, against loss or damage caused by unplanned events including Fire, Theft, Vandalism, Oil or water leakage, Subsidence and Burst pipes.
It's important that you insure up to the rebuild cost which includes the cost of rebuilding the property as well as associated costs such as site clearance and professional fees. Sometimes this differs from the property valuation particularly on terrace properties where the rebuild costs are more expensive due to the work required on the adjoining properties.
Please note that this is a specialist insurance for investment property and traditional homeowners buildings insurance won't offer the cover required for an investment property as it will have clauses that will ensure non payment of claims in circumstances that are often found when letting property such as periods without tenants of over 30 days and cover for your liability as owner for any injuries taking place at the property may not be sufficient.
Insurance advice is provided by IN Partnership which is authorised and regulated by the Financial Services Authority.
0845 034 5120