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According to research carried out by the National Landlords Association, 28 per cent of landlords have experienced property damage in the last twelve months. This serves as a sharp reminder to UK landlords that letting property is not always a hassle-free endeavour.
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North East Landlords More At Risk
The figures show that landlords operating in the north east of England are more likely than any others to have tenants who cause damage to property – nearly half of all landlords in this part of the UK have had a problem in the last twelve months. However nearly 10 per cent of landlords nationwide have had to make a claim on their landlord insurance to rectify damage to properties, so it is not just a localised issue.
“Property damage is just one of the many different problems a landlord can experience when letting property. Many are unaware that a simple home insurance policy will not provide sufficient cover for all eventualities, so we’re urging all landlords to protect their investments and ensure they have the right insurance policy in place,” says the NLA.
Take Out Insurance
With this in mind, it is important for landlord to make sure they have the correct insurance cover in place. Extensive damage can be very expensive to fix.
So don’t wait until the worst happens, make sure you are covered now – not after the event!
