Your mortgage provider may make certain restrictions as to how you can let your property. Having adequate insurance may be one of them.
Specialist Landlord Insurance for both the Building and the Contents is required to protect your rental property and is very different for rental purposes than for your own home. Some insurers will place restrictions on the type of tenant you can have rent your property.
Please tell us if your insurer places any restrictions on the type of tenants (e.g no housing benefits claimants, only in full time employment etc.) so that we may find the right person for your property.
We work with Van Mildert (www.vanmildert.net) a premier Tenant referencing and Landlord Protection service who are able to give you a competitive quote for all your insurance needs and will ensure that the tenants will be able to afford to rent your property. Please feel free to contact them.
However vigorous our referencing procedure is with your prospective tenants life does happen and there can be situations in which your tenant goes into arrears for example or being forced to wait for an Eviction Notice before the council will rehouse them. Neither situation is what we want for you but is beyond our control. We advise every Landlord whether living in the UK near to their property or living abroad to take out insurance to cover Eviction, Rent arrears and Damages. The legal costs alone can be crippling.
If you are taking out our Legal and Rent Guarantee Insurance through Van Mildert then you can be certain that any rent arrears will be paid until vacant possession. For full details please see their website. Purchased through Stanley and Partners it only costs a little each month. Please see our fees schedule for details.
Unbiased, Independent and Sensible advice