How to Protect Your Property with Landlords Insurance
A landlord has many different spinning plates to take care of at any given moment. There are vacant properties to fill, tenants to screen and look after, maintenance and repair issues and acts of damage (accidental and otherwise). Landlords insurance is a way of protecting against certain scenarios that are beyond your control, including any legal liabilities linked to the misuse of property by tenants, or structural damage.
Landlords insurance will help you to protect your long-term property investment. It provides a landlord with peace of mind, as it is can be, at first, a worry to hand over a property to tenants that you don’t know and hope that they look after it well. After all, it is your financial investment.
You’ll also be able to guarantee rent in the event of a tenant breaking your contractual rental agreement. If a tenant is refusing to pay rent, or the property is being repaired and you cannot charge rent for a short period of time, your insurance cover can make up the slack. You can identify a policy that covers a certain period of time in these situations.
With the right type of insurance cover you can make sure that when an emergency repair or structural maintenance or repair job comes up, the work can be completed as quickly and effectively as possible, without losing out on much time.
The Central Mortgages team can help you discover the benefits of a range of Landlords Insurance policies. For more information call us on 01277 630 183, or email email@example.com.