For some tips and advice on landlords insurance see the following article that was written last Friday.

http://www.moneysupermarket.com/c/articles/insurance/landlord-insurance/tips-for-landlords/?Goal=3rdparty

Hope that helps :)

Another idea is can I just get landlords liability insurance on top of my normal buildings and conents cover? If not will it be expensive to get the whole policy of landlords insurance?

thanks

I have contacted the mortgage company and they stated that insurance companies do let them know and they also charge me when i change insurance companies but I have to tell them otherwise I am risking terms and conditions. The insurance company stated that they do not do landlords insurance so im not sure what to do. I want to rent my house out but if I change insurance company then the mortgage company will know so can you inform me of what options i have please.

One idea is that I get another policy to cover myself renting but not sure what it needs to include. Also do you know the best companies for this?

thanks

It is your responsibility to tell the mortgage company of any changes like this. The insurance company wont do this for you unless they are required to send a copy of the policy, and then the lender may not read it.

When told, some lenders used to just say "thank you for telling us" and leave it at that. Others will want to change the terms of the mortgage - this could involve a higher monthly payment, a one-off fee or, as you say, a payment to reduce the LTV ratio. It's a good idea to talk to them before you make the final decision about renting so that you can take account of the implications.

Hi,

I am looking at renting my house but my current insurance company doesnt do landlords insurance so I have to go to another company. Will this new company or my current one inform my mortgage company of the change as I have been informed that most people do not tell their mortgage company they are renting but if my does know then I will have to pay a certain amount of he mortgage off?

thanks