Compare Landlord Insurance
A survey from Paragon independent property investment suggests that despite the greater risks of default landlords are still not protecting themselves. Despite increasing levels of unemployment, landlords are failing to protect themselves against potential tenant arrears by having inadequate levels of insurance. Only 12% of landlords said that they have legal expenses and rent guarantee insurance which was symptomatic of a general level of under-insurance across the landlord community.
Only 66% stated that they had specialist landlord buildings insurance cover and 17% had portfolio insurance, which covers all of the properties in their portfolio. Only 0.5% of landlords said that they insured tenants’ contents.
So why are so many landlords under insured? A straw poll suggest several reasons why landlords are so frequently under insured including, lack of awareness, fear of insurance costs, lack of time to sort insurance.
With unemployment rising and an increase in unoccupied property being vandalised, landlords are risking financial ruin by nor ensuring they have sufficient landlord insurance in place. With such a range of landlord insurance available at competitive prices, landlords without insurance are making false economy in uncertain times.
Landlord insurance is especially designed to provide landlords with comprehensive and competitively priced protection for almost any risk faced by a landlord.
Compare Landlord insurance online faster and make sure you are not at unnecessary risk.
