Landlords should keep home insurance cover

Landlords are being warned of the importance of keeping their home insurance during the current economic crisis.

According to research from Sainsbury's Finance, the value of landlords' properties has plummeted by £118.4 billion between the first quater of 2008 to the same period in 2009.

Rental yields have also fallen leaving landlords cutting back on their home insurance as a bid to save cash.

Landlord insurance manager, Lucy Hunter at Sainsbury's Finance said: "It can be tempting to look at ways to cut costs.

We are urging landlords not to cut back on buildings and contents insurance as doing so could prove false economy."

"Your property is a huge asset so it's imperative it is properly protected," she added.