How to be a good landlord!
Landlords | Property Owners | Insurance | Cheap | Rent
In many films and comedic sketches your archetypal landlord is portrayed as a money grabbing, grumpy recluse. You would imagine then, that they would only be concerned with finding a really cheap insurance deal. In fact, in most cases this couldn’t be further from the truth. Most landlords are caring, warm people that provide you with a safe comfortable shelter in return for fair rent.
Insurance of the buildings, furniture and fittings which belong to the owner should be insured by the Landlord. The tenant should then insure any items that they bring into the premises. It is advisable to inform your insurers of your intentions. If you don’t you may find that you are not fully covered by your policy. You should also inform your tenant, so they are sure what is and isn’t insured by you and can make their own arrangements for insurance.
A good landlord would ensure that you are protected in your home and that the building is insured for every eventuality. They may include accidental damage and there are even options to insure the tenant’s possessions.
It is understandable that some landlords may find it difficult to be a good landlord when tenants get into rent areas. It is only fair that you should be paid in full and on time, when providing shelter, fast repairs and maintenance. To protect yourself against rent arrears, there are Rent Guarantee Insurance Policies and Landlords Protection Policies.
Being a good landlord means reacting fast to problems once reported by your tenants. To do this you will need to make sure that your insurance provider is able to react fast. Some insurance policies include Legal Expenses and Home Emergency cover. This can be particularly helpful as there are times when you will need a little extra help when the central heating breaks down, for example, or when the electricity fails. This kind of household emergency can happen to anyone, at any time. Home Emergency Cover normally provides 24 hour assistance.
Being a good landlord is going above and beyond for your tenants. So when looking for property owners insurance; doesn’t just shop around for cheap insurance, be a good landlord and think about your tenants and their well being. Make sure the building has the adequate insurance and where possible cover the things they care for.
