Over a quarter of landlords victims of tenant damage
More than 400,000 landlords have had their property damaged by a tenant in the last 12 months, according to new figures from the National Landlord Association (NLA).
Nearly one in every 10 cases resulted in such damage that the landlord had to make a claim on their insurance.
Landlords in the North East were the most vulnerable with almost half (46 per cent) of those surveyed had experienced property damage by a tenant in the last year. Meanwhile landlords in the South East were the least likely to encounter a problem, although over a fifth had still had damage caused to their property in the last 12 months.
The NLA is using these figures to highlight how important it is for landlords to have the right kind of cover. Carolyn Uphill is the NLA chairman:
“Property damage is just one of the many different problems a landlord can experience when letting property. Many are unaware that a simple home insurance policy will not provide sufficient cover for all eventualities, so we’re urging all landlords to protect their investments.”
If you are experiencing troublesome tenants GW LET can help you resolve the problem as quickly as possible and with minimal financial repercussions.
Content correct at time of publication