nicedonkeykay Posted May 20, 2006 Report Share Posted May 20, 2006 Hi,im just in the process of buying 2 terraced houses for letting out.Im just searching around for the cheapest quote for landlords insurance and i dont know what to put when it asks How much to rebulid.How do you know how much to put. Any help would be great. Link to comment Share on other sites More sharing options...
Melboy Posted May 21, 2006 Report Share Posted May 21, 2006 Most insurance companies will insure your properties on a fixed cover ie if your property is worth £120k you will have insurance cover of say £200,000. The important bit is not to under insure because should a major problem ever arise they will take that into account when making a claim and pay out less. Link to comment Share on other sites More sharing options...
nicedonkeykay Posted May 21, 2006 Author Report Share Posted May 21, 2006 Thank you to Melboy for replying to me. One house is worth 65,000 the other is worth 70,000. Should I insure the first one for about 110,000 and the second for about 115,000 or do you think that will be to low. Ive had a few quotes and it seems the RLA landlords Association is the cheapest. Is it worth joining to get the cheaper insurance or is there another alternative. Link to comment Share on other sites More sharing options...
boxerlox Posted May 21, 2006 Report Share Posted May 21, 2006 We got a good deal on insurance via www.moneysavingexpert.com Martin Lewis site. I just put in the deatils on their insurance finder. This site is really full of info Link to comment Share on other sites More sharing options...
Melboy Posted May 21, 2006 Report Share Posted May 21, 2006 Some compamies offer a discount for more than one property insured with them. Try and choose a company that is experienced in dealing with Landlords Insurance (at the best possible price) and read the small print! Link to comment Share on other sites More sharing options...
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