Sunny DF

Archive for February, 2009

That is why property owners insurance provides loss of rent from the time that a fire, flood, or other event happens right up until the premises are once again habitable. But in times of economic uncertainty, this is not the sole problem that a landlord faces. Those occupying residential accommodation can face financial difficulties during a recession and while they may well be able to obtain some support from the government in time of hardship, there is no guarantee that this will always reach the landlord. In fact, this could result in landlords losing their income just as much as after a fire or flood!

Cover of this nature was formerly normally only through letting agents, but it is now available to any landlord who arranges his or her own lettings. One important aspect of cover is that it will normally require that each tenant - or the guarantor - is subject to adequate references in advance of the letting.