Landlord and Building Insurance

In today’s economic and social climate, landlords are increasingly vulnerable to their income being eroded by:

· Default in payment of rent

· Loss of rent due to the premises being untenantable following damage

· Tenants vacating without paying the rent or having to be evicted

· Accidental damage to carpets, curtains, internal blinds and light fittings

· Theft and vandalism of the property

· Liability claims by tenants for injuries sustained on your property

Our job is to select a tenant who is going to be the right tenant; however circumstances can change the ability of a person to pay rent or cause them to behave in a manner totally out of character. 

We recommend you investigate taking out additional cover for defaulting tenants and tenant damage.

Due to the changes in legislation, we are unable to arrange insurance cover on your behalf.

It is important to choose a cover that is tailor-made to give Landlords peace of mind and financial protection. Such cover should include valuable extras such as contents insurance which includes carpets, blinds, landlord furnishings etc., as well as protection against defaulting tenants.

We believe this protection is essential to ‘Risk Management’ and you need to take a critical approach to insuring your valuable assets.

Note: You should check with your insurer to see if your current insurance premium can be extended to give you protection against defaulting tenants.