Where good landlord policies really make a difference

As a landlord, one of your biggest concerns is likely to be the risk of damage to your property. This can be caused by a variety of factors, such as accidental damage, malicious damage and even theft by your tenant.

While we take steps to reduce the risk of damage to your property, through thorough referencing and regular inspections, there is no way to eliminate it entirely. This is why it is important to have appropriate landlord insurance in place. Landlord insurance can protect you against a variety of financial losses, including the cost of repairs to your property as a result of tenant theft or malicious damage.

What is malicious damage?

Malicious damage is any damage to your property that is caused intentionally by your tenant. This can include things like breakage of fixtures and fittings, damage to walls, and even graffiti.

What is tenant theft?

As it says on the tin, this is when the tenant steals anything from the property. It's important to remember that it isn't just furnished properties that are exposed to his risk. Carpets, doors and even boilers have been known to be stolen by tenants.

What is accidental damage?

You guessed right. But this isn't just red wine or coffee on the carpet. This includes a tenant putting a foot through the ceiling, or piercing a water pipe when hanging a picture. Accidental damage accounts for the largest number of home insurance claims, so it's worth thinking about.

How can landlord insurance protect me against malicious damage?

Landlord insurance can protect you against the cost of repairs to your property as a result of malicious damage. It can also cover the cost of lost rent if your property is uninhabitable while repairs are being carried out.

How to reduce the risk of malicious damage from my tenants?

There are a number of things we do to reduce the risk of malicious damage from your tenants, such as:

Screening your tenants carefully before renting to them
Carrying out regular inspections of your property
Having a clear tenancy agreement in place that sets out the tenant's responsibilities

Landlord insurance is an essential part of protecting your investment and giving you peace of mind. By choosing the right policy and taking steps to reduce the risk of damage, you can minimise the impact of malicious damage from your tenants.

Give Jack a call on 01482 562 562 or drop him an email to ensure you are protected, should the worst happen.

Posted By

Jack Newton