Most insurance companies will issue insurance cover on tenanted residential investment properties at similar rates to private house cover.

It is essential to inform the insurance company of the fact that the property will be tenanted. Failure to do so could result in non-payment of a claim at a time when it is most needed.

Glaister Ennor has its own in-house insurance consultant who can advise you, on a no-obligation basis, on all insurance aspects.

Other forms of insurance you should consider are:

Mortgage Repayment Insurance - Covers the outstanding mortgage amount in the event of death. The lender will often insist on the insurance being taken out. Also, if the investment depends on your income to fund it, this type of insurance may be necessary to avoid a forced sale of the property if you were to die. Premiums are deductible if the insurance is a condition of obtaining the investment property finance.

Home and Contents Insurance - While you may not be concerned with your tenant's contents, the carpets, floor coverings, curtains, blinds and other fixtures should be insured for your protection.

Rental Insurance - There are specialist policies available to cover you for loss of income as a result of a tenant damaging the property.