Being a landlord can be full of risks - risk in selecting the right tenant, the right house, the right area. So when things go wrong you need appropriate cover to ensure that you can continue on and your livelihood and investment remains protected.
So what happens when a tenant refuses to leave but is not paying rent?
Or departs leaving a huge bill for maintenance before the property is let-able?
An average repossession can take up to 5 months and cost you thousands in lost rent and expenses, not many landlords can afford to absorb that cost and continue to run a business.
Having good Landlords Legal Expenses cover will cover you for:
Terms of the Tenancy Agreement
Possession of the insured property
Dilapidation or Malicious damage to the insured property
Nuisance emanating from the insured property