{"id":1811,"date":"2012-10-01T09:00:31","date_gmt":"2012-10-01T09:00:31","guid":{"rendered":"http:\/\/blog.legal4landlords.com\/?p=1811"},"modified":"2012-10-01T09:00:31","modified_gmt":"2012-10-01T09:00:31","slug":"having-the-right-insurance-saves-money","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/lforl\/having-the-right-insurance-saves-money\/","title":{"rendered":"Having The Right Insurance Saves Money"},"content":{"rendered":"
\"Having<\/a>

Having The Correct Insurance Saves Money<\/p><\/div>\n

Landlords are being urged to reassess any insurance<\/a> policies they may already have taken out, in order to avoid the possibility of underinsurance, after one poor unsuspecting landlord was left more than \u00a3100,000 (GBP) out of pocket.<\/p>\n

The landlord unfortunately suffered a fire in the block of flats he owned and submitted a claim for nearly \u00a3400,000 before realising that his insurance<\/a> policy didn\u2019t cover anywhere near that amount.<\/p>\n

As a consequence he received less than \u00a3300,000 (GBP) and had to find the remaining money himself.<\/p>\n

This may appear to be a particularly extreme example of underinsurance and highlights the importance of ensuring that Landlord Insurance<\/a> liability is sufficient to cover the full value of rebuilding the property.<\/p>\n

In the current financial climate, it is more crucial to look at the levels of cover rather than the bottom line premium.<\/p>\n