A Sure Insure Landlord Insurance policy can cover not only the exterior and interior permanent fittings. It can also cover any contents you provide for your tenant’s use. Based on the extent of cover you want to take out, you can get the cover extended for many eventualities.
Unfortunately, sometimes the worst can happen and previously reliable tenants can lose their jobs or have a life-changing accident. This can mean their finances can become very stretched. When something like that happens, they can struggle to pay rent.
However, you don’t always want to jump into an eviction. Having long term tenants that have looked after your property means you might be wary of losing them over a temporary inconvenience. What if the people you get next don’t look after your investment quite so well? Eviction is also fraught with legal issues. So, although a temporary gap in income is distressing, having the right cover can help ease the pain for everyone.If you are unlucky with your tenants, you can get cover for malicious damage, breach of contract, theft and damage caused by pets. Some of these scenarios might require legal proceedings, so good insurance means you can deal with the consequences before they get settled in court.
