Landlord insurance - postcode lottery

Landlords for many years have been playing the postcode lottery with their landlord insurance. This is because that their landlord insurance premium hasn't taken into account the postcode of their investment property meaning that they may well be paying a higher premium than they need.

However research by specialist landlord insurance website www.landlordinsurancebrokers.co.uk reveals that more landlord insurance brokers are adopting specialised landlord insurance policies that adjusts a landlords insurance premium according to the postcode of their buy-to-let property.

Landlords looking to renew their landlord insurance should ensure that they ask their landlord insurance broker whether their policy takes account of their buy-to-let properties postcode. Otherwise landlords could find that they are paying more for their landlord insurance than they need.