|Posted on 24 April, 2014 at 21:05|
Landlord insurance is an important part of an overall property investing strategy. It will help you when your tenants don’t pay their rent and protect your contents and your building.
When tenants don’t pay their rent
Rent default is probably the part of landlord insurance that most people are familiar with. You should be looking to protect yourself from loss of rent due to, default, tenant eviction, hardship order and unexpected death of a tenant.
It is important to note that many of these policies don’t kick in straight away so make sure you have enough money to cover any shortfall and that you really understand what you are covered for and the duration that is covered in your policy.