To answer the title question above if we really need property insurance? It is like saying that facemasks and vitamins, do we really need that during this pandemic season? To define that property insurance is a broad term for different policies. Which covers homeowners, renters even flood or natural disaster like earthquake insurance.
Let’s say you have a brand new house, you pay taxes and you can afford to repair or sell it right away. Or do whatever you wanted to do lets say buy and sell for profit. You are relaxing living inside or travelling on your 2nd or 3rd home. Then all of the sudden tree fall, flood destroy the wall or a fire came in. What you gonna do now?
That profitable buy and sell, I mean buy, repair and sell will became more expensive to the point that it will not become profitable anymore or a loss because of a disaster. Which is a total different story if you bought or secure the insurance in the first place by yourself.
Real estate buyers, seller and homeowners should know this. Because whatever property you owned you need to protect it at all cause. With the property owner or landlord insurance policy, it is designed to cover your building with lightning, fire or explosions.
Some people may think of it as an expense of additional cost but for me it is an investment. For you to protect your property, because we don’t know what may happen tomorrow. Things like 9/11 building terrorist attract, black lives matter protest fire and destruction of property.
Nobody predicts that, what if those business or landlords doesn’t have insurance? Even the the kitchen and bathroom can be costly to repair nowadays. A comprehensive landlord insurance policy is one of the key to cover the loss of income with these unfortunate events.
So if you wanted to protect your residential or commercial rental properties. CIA Insurance can be very useful to every Commercial and residential business owners. So you can have a peace of mind in whatever that you do, see compare landlord insurance and CIA insurance provider as one of the top Insurance brokers in the UK who has established an exceptional reputation for specializing in niche areas of the landlord insurance market.