Have you rented out your house? Are you not living in that house any more, is your property being let out? Don't you think you need to insure your property or house that is rented out in order to allay any damages caused to your building and to recover the cost of damage? Whether your house has been inherited from your ancestors or you have shifted to another location, you need to ensure that your renters pay you money on time.
Rent damage can be caused by several reasons: Your rent can be assured in the following circumstances When there's a damage caused to your property due to natural calamity When the building has caught up in fire Or your tenant doesn't pay his rent Make sure that your tenants will repay the rent on time.
Some insurance agents offer you guarantee on your rent such as £2,500 per month, instant cover, it covers you under 12 month policy, and offers 24 hour assistance.
It is essential to insure your property or home in order to claim them in times of crisis.
Safeguard your rent for sure! A buy to let property is considered as a commercial property and there's a separate insurance policy to claim for the rent on commercial property.
Your property records must be kept up to date, have a proper agreement with your tenant and other records for tax authorities too.
You may loose several pounds in rental income and legal expenses to claim for your rent.
Some insurers won't cover properties if tenants are claiming benefit, whether you are using private sector leasing or not.
In case, a private sector leasing is covered, then, you can request for a higher premium.
Seek out for a right rent guarantee insurance agency which can help you out in making your claims, which you deserve.