For most landlords, the relationship with their tenants will be a positive one.
However, problems can easily arise when a tenant makes a mistake that could invalidate your landlord insurance.
Both you as a landlord and your tenant have a responsibility to ensure the property is kept to a high standard. Although often unintentional, if something happens to the property and there’s evidence the tenant didn’t fulfil their responsibilities, your claim may be rejected.
Discover our guide to find out all about the different things that could invalidate your landlord insurance and how you can prevent them happening.
There are a number of factors that can invalidate your landlord or contents insurance in the UK, including:
Renovating your home. Renovation is often part and parcel of renting out a property, and for the most part, this won’t affect your home insurance. However, if you’re planning on making some major changes it’s worth checking if your insurance will cover you if something goes wrong. Additionally, having builders in your house can impact its security, and invalidate your insurance if anything gets damaged or stolen.
Solution: Inform your insurer if you’re carrying out any major renovations. If you’re hiring builders, check they have suitable insurance and let your insurer know.
In order to prevent the above issues from occurring, you as a landlord have a set of responsibilities. These apply before a tenancy begins and during the period that tenants are living in the property.
If you fail to inform your insurer when a property will be unoccupied for an extended period of time, any insurance claims for that period may be invalid.
Your tenant also has responsibilities during their tenancy. To ensure they are aware of these responsibilities, you should provide a copy of the government’s how to rent checklist, which includes:
To make a claim on your home insurance with LV=, follow these quick and simple steps:
If a third party is responsible for the damage or loss, we’ll try to recover any costs of the claim from the other side.
Make sure both you and your tenants are covered for any unexpected costs for repairs, damages or loss with landlord insurance from LV=.
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