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Posts Tagged: Landlords

Rent Guarantee Insurance

Rent Guarantee For Landlords - When your Tenant is unable to pay their Rent

Posted by on February 19th 2018 in Insurance

As a Landlord, the risk is always there; when your tenant suddenly can't pay the rent and is unable to pay what is already due. Even if you have undertaken the best checks and references, you can never predict a tenant facing troubled times such as losing their job or becoming ill, ultimately resulting in them not being able to pay the rent.

If this was to happen, would you be able to cover your expenditure and costs over a prolonged period of time?

WHAT IS RENT GUARANTEE?

Certain insurers we work with for property owners and landlord insurance, allow cover to be...

Underinsurance for Landlords

Landlords, Don’t take the Risk of Underinsurance

Posted by on November 29th 2017 in Insurance

Underinsurance occurs when you have not taken out the right amount of insurance cover to meet your requirements. There are occasions where business owners try to reduce their insurance premiums by only covering a percentage of their contents or building value. This may be cheaper in the short-term, however insurance is there to protect you in the event of an accident or incident – taking such a risk, can have a detrimental effect should you need to rely on your policy to get you back up and running.

We’ve all read the horror stories of rental properties going wrong and it...

Property Owners & Landlords - A Guide to Unoccupied Properties

Posted by on October 3rd 2016 in Insurance

With an estimated 600,000 unoccupied homes in England and approximately 20,000 squatters in the UK, unlawful occupation is one of the biggest risks owners face when leaving a property empty. Other potential risks facing your property can include theft, vandalism and accidental damage. We examine some of these key risks below, and what you can do to mitigate them.
 

Unlawful Occupation

In 2012, a new law was introduced, making squatting in a residential property a criminal offence, punishable by up to six months in jail or a fine of up to £5,000.

However, squatting in commercial properties is not a crime and...

Malicious Damage by Tenants - Understanding your Landlord Insurance

Posted by on August 5th 2016 in Insurance

It’s every landlord’s nightmare; your tenants have vacated the property and before doing so, left you with potentially thousands of pounds worth of damage. The windows are smashed, the doors and walls full of holes, they’ve even taken your furniture – what now?

Malicious Damage is not always included in standard insurance policies. With one of the UK’s largest insurance companies showing the average costs for such claims being in the region of £6,700, it is important to understand the cover you have in place and its adequacy to protect you in such events. Failure to do so may result in...

Right to rent checks introduced for Landlords in England

Posted by on February 5th 2016 in General News, Insurance

From 1st February 2016, all private landlords in England will have to check new tenants have the right to be in the UK before renting out their property. Under the new rules, landlords who fail to check a potential tenant’s ‘Right to Rent’ will face penalties of up to £3,000 per tenant. The new law will mean that private landlords, including those who sub-let or take in lodgers, must check the right of prospective tenants to be in the country to avoid being hit with a penalty. Landlords should check identity documents for all new tenants and take copies. The...