There are several kinds of home insurance policies available depending on what the home is used for. Permanent residences are usually placed under a traditional home insurance policy. However, if you own a second or third home that you lease out to tenants, those homes must be placed under policies that cover only the structure, fixtures and fittings of the house as well as everything you own. You don’t need to insure the properties of the tenant. Finally, if you have a vacation home that you only occupy once or twice a year, you must have it insured with a vacant house insurance Read the rest of this entry »
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Many people buy homes which they rent out to tenants or boarders. If you are one of these people, it is a good idea to get insurance coverage for your buy to let home. There are many house insurance options for buy to let homes but these policies are a little bit different from policies for permanent residences. For one thing, they only cover the structure, fixtures and fittings of the house and not the furniture and other items within it. Many of these policies also lapse if the house is left unoccupied for more than 30 days so you have to be clear with your insurance agent about these things. Read the rest of this entry »