We have been renting out our property in the UK and as it is mortgaged we have been required to obtain buildings insurance (I would probably buy this anyway irrespective of the mortgage angle). We had been paying about £12.50 per month then the renewal shot up to about £65 per month.
I then discovered this company called CIA that do landlords insurance and this was very reasonably priced at just over £200 for the year.
If you are renting out your property in the UK I can recommend this company as far as price and ease of setting up the policy. They also do other types of insurance too.
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