The colder winter months bring with them greater risks to property and this should spur landlords into reviewing their insurance to make sure they are fully covered for all eventualities.
Some policies fail to cover landlords for all the areas they would expect and unless landlords check they are properly covered, they could lose out if a tenant leaves a gas fire on or knocks a candle over.
The folks at Discount
Landlords Insurance recommend that landlords seek to step up their let property insurance at this time of year, especially if they are concerned that they may be vulnerable. Tenants are likely to be using open fires, lighting candles and using more hot water during the winter. All of these normal daily activities pose a threat to rented property, in terms of both the buildings themselves and the contents.
Discount Landlords Insurance provides comprehensive cover for damage to buildings and their contents. Landlords with full insurance don’t need to worry that their livelihood could be at risk if a tenant leaves the bath tap running and floods the apartment downstairs, for example, as the work will be covered. The loss of rental income cover that is included as standard will even cover the lost rent when tenants move out while work is done.
What’s more, Discount Landlords Insurance includes Public Liability insurance and accidental damage, which will protect landlords against costs arising from damage to tenants' property or even injuries to tenants themselves.
So, as the long nights draw in, landlords are advised to make sure their current policy covers them for the kinds of accidents that occur over the winter months. Tenants also need to protect their belongings from fire or flood damage with Tenants Contents Insurance.
