Landlords should get rent guarantee insurance
Landlords the latest figures from The NLA show that 74% of advice line calls are about tenants not paying their rent. Michael Thompson, Chief Executive of cheap landlord insurance, said: “Of course no landlord want to serve notice on a tenant, but the reality is that landlords are forced to do so when rental arrears become serious.: “Of course no landlord want to serve notice on a tenant, but the reality is that landlords are forced to do so when rental arrears become serious.
“We advise that before landlords act on signing tenancy agreements they consider all of the options for buy to let insurance.”
With rising unemployment an increasing number of tenants are failing to pay their rent, often leaving landlords unable to pay their mortgages. As soon as a tenancy agreement is signed landlord insurance becomes a legal obligation, and if your not properly covered when times get tough tenants may be able to negate their contractual agreements. Standard residential property insurance is not adequate when renting a property. This is why Cheap Landlord Insurance offers specialist cover for landlords and buy-to-let investors. With years of experience in souring the cheapest landlord insurance, Cheap Landlord Insurance are well placed to offer property owners a stress free way to stay within the law, as well as protection if things go wrong.
With policies underwritten by major insurance companies Cheap Landlord Insurance offer a range of protection which includes loss of rent cover, accidental damage, property owners’ liability and employers’ liability, as well as terrorism and subsidence cover. They endeavour to offer the cheapest possible price on policies so when seeking let property insurance owners can rest assured they are getting the best deal.
About Cheap-Landlord-Insurance: Cheap Landlord Insurance is an independently owned company which offers quality landlords' insurance at an amazing price. With...
