Landlords Insurance Protects Your Property

let property insurance, rent guarantee could be the difference between landlords continuing to meet their mortgage payments rather than losing their property. An unfortunate aspect of the rental market is that tenants can not always be counted on to pay their rent in a timely manner, either out of downright unreliability or owing to circumstances beyond their control such as loss of income due to an illness or redundancy. According to National Landlords Association research published earlier this year, over a 6 month period forty four per cent of landlords reported experiencing rental arrears, which is a considerably high number since most landlords rely heavily upon the regular monthly income to meet mortgage payments. Having rent guarantee ensures that you will still have money coming in every month for a pre-determined period of time, should your tenants default on their rent, and might also include continued rental payment amounts during periods when the property is empty and awaiting new tenants. An extra useful aspect of rent guarantee that landlords can choose for is legal expenses coverage, which will help landlords if legal action is needed to evict tenants or force them to pay rent.

Let property policies