Landlords Insurance

your landlords insurance gives you a degree of comfort when it comes to protecting not only your valuable assets, but also your income.

 

Also don’t fall into the trap made by many, of thinking that their home insurance policy will cover them. For some, they quickly realise that when the time comes to claim on what they thought was a policy to protect their interests, there’s no recourse at all. Remember that if you take income from a property you let, you do need a landlords insurance policy to give you the cover you need.

 

What a landlord needs is peace of mind. They need to know that whilst they are handling all the issues that turn up from day to day – dealings with tenants, ensuring services are fitted and working okay, and making sure payments arrive on time – should the worse happen and problems arise that threaten the viability of the project, then at least they are covered.

 

Main areas that need to be considered are the two most common problems that affect landlords: a row with the tenants, and damage to the property.

 

Most tenants are good and will see through their agreement without causing problems. But some tenants can be a real nightmare, withholding rent, refusing to leave a property and wilfully damaging your asset. The usual