Insurance warning to those renting

Switch for the chance to WIN an amazing Amazon Echo Dot

Three of Amazon's most popular personal assistants to be won! (T&Cs apply)

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £482 or more.

The thousands of people around the UK who have established themselves as buy-to-let landlords need to consider whether they are underinsured, it has been claimed.

In light of the "phenomenal" growth in value of properties that are rented out, landlords need to ensure that their insurance policy keeps pace with the changes to their assets and their worth, according to Steve Johnson form Sainsbury's Finance.

Mr Johnson is the finance firm's head of insurance and he is convinced that people who own rental properties ought to check if they are suitably covered every two years and particularly if they have had any building work done.

Research from Sainsbury's Finance recently found that there are now more than 2.75 million buy-to-let landlords in the UK and that the value of their properties increased by around £5.79 billion in each of the 12 months after November 2006.

Sainsbury's was the first supermarket to enter the financial services sector and the company has suggested that buy-to-let insurance is set to be a growth market nationwide.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more