Landlords, we are going to help you find landlord insurance in Northern Ireland by the time you've finished reading this article. If you don't have time to read everything, we are providing a free quote tool so you can compare quotes from companies in Ireland and all over the UK.
But before you get quotes, how do you know that you're getting the best deal on the companies we send you to are best suited to your letting business?
That's exactly what this article answers.
Over the years insurance has become a bit different in Northern Ireland, things have moved on since the troubles in the 70s and 80s and insurance companies are a lot more lenient towards ensuring properties.
Back in the 70s and 80s, it was nearly impossible to take out an insurance policy for your property. Some insurance companies would take the policy on, but the risks involved were far greater than the price you pay, and at the end of the day, insurance companies need to make a profit, like all businesses out there.
So this brings us to the price of landlord insurance in Northern Ireland and how insurance companies assess risks N Ireland to this day. We are not going to get into the history of this beautiful country because that's not what this article is about, it's about finding you a landlord's insurance policy for your buy to let properties, single properties or commercial properties.
The Internet is a great tool, but it can still take a lot of your time up, and time we don't have. The need for comparison websites has many advantages, but there are other ways to bypass comparison websites, and this may be your option.
Contacting several insurers is still a great way to make sure you have the right policy, which protects your building and the contents of your building. Now I can't imagine you are sitting on the phone all day asking for quotes for this and for that, especially if you have more than one property, that's just not good.
Well right here, as we said above, this article will address everything you need to know about landlord insurance in Northern Ireland, and we're going to do our very best to find your policy today.
Some landlords and regular people think that using a broker costs you more money, but this is not the case. If you don't know how a broker works, You may be leaving a valuable asset on the table because the free to use and that you can use them every single year and perhaps save a bit of money every year.
You can use brokers and direct insurance companies with this link.
Going directly to a company
Going directly to the landlord insurance company is an excellent choice, especially if you know them and have dealt with them in the past.Trust is everything these days as most people think the Internet is full of con artists, and to tell you the truth we believe at least 40% of the Internet is untrustworthy, but it's getting better.
The thing about financial services is that they cannot lie to you and legally you cannot lie to them, or your insurance policy becomes invalid. Insurance is 100% safe online these days the only difference you will see as price when it comes to landlord insurance company anyway.
Understanding a policy
It is essential that you understand your policy before you pay for it and after you pay, this is very important, and this takes us to the next guide within this article.
When you're talking about your properties to the insurance adviser, you need to make sure that you're realistic with the evaluation of your property, including the contents and rebuild cost.
If you don't have accurate figures, it would be a good idea to get an evaluation done on your property before you take out any insurance, because there have been landlords in the past have been caught out by this, which ended up costing the landlord a lot of money.
Also, it would be advised by insurance companies that you take on a comprehensive landlord insurance policy to cover costs you may not be aware of or pop out out of the blue.
All we are saying is that everything must be clear and black-and-white writing because we are not talking about a replacement car here, we are talking about hundreds of thousands and if not millions of pounds worth of property assets in regards to portfolio landlords.
The amount you pay for insurance annually or monthly outweighs the cost of not having a policy in your name for that property, it's just not worth it these days even though it feels like paying your insurance month on month and getting nothing back.
You are, but it's a long term asset.
Like we said, just take your time, talking to insurance companies and understanding everything and the process along the way. We use a company called QuoteSearcher LTD, who can find your policy in Northern Ireland, without too much hassle and it's free to use.
UKLI - Helping people & businesses save real money and time since 2011.