Landlords Risk Losing Insurance Claims

UK Buy to let landlords have been warned not to try and make false economies by attempting to make savings on their annual insurance premiums.

The warning has come from Michael Portman, managing director of tenancy referencing and insurance firm Let Risks. He says that in the current financial climate, landlords are trying to keep their premiums low to make savings.

The result, he says, is that there has been a large rise in the number of private rental sector (PRS) properties that are “significantly under-insured”.