No matter how well you reference check your tenants, problems can and will present themselves. Your tenant may lose their job, they may refuse to leave your property or they may just fail to pay the rent. All these problems are going to leave the Landlord seriously out of pocket and even more so when there is a mortgage on the property that still needs to be paid.
These problems and others can easily be protected against, simply by taking out a Legal Expenses and/or Rent Guarantee insurance. Whether you own one or one hundred properties, these policies provide extra peace of mind and shield you from the problems of unpaid rent or a bad tenant.
If you would like further details of the protections offered through such insurance schemes please do not hesitate to contact us as expert insurance brokers.
Andrew Fowler worked for Limetree Financial Services until December 2010. Feel free to contact another member of our team for help or advice.