Insurance For Landlords By Don
a property owner it is essential to protect yourself from
the potential legal claims that could be made by tenants,
contractors and members of the public who are injured whilst
living in or visiting your property.
landlords are at risk of being sued if found to be negligent
or in breach of their duty of care. For example if a tenant
were to trip and fall on a broken step, they would be able
to sue the landlord for damages and in the age of 'no-win
no-fee' legal cases, this type of action is becoming increasingly
best way to avoid legal action is to try and minimise the
risk. Essentially it is up to the landlord to ensure that
the property is as safe as possible. This includes fixing
broken steps, shelves and cupboards, testing electrics and
reducing fire hazards.
However, this does not eliminate risk completely and the last
line of defence should be liability insurance.
owners' liability insurance
insurance enables the landlord to meet any costs or damages
awarded to a member of the public if they suffer an injury
following an accident on or from the owner's property.
specialist landlord's insurance providers will provide liability
insurance as part of the main package, but it is a good idea
to check your policy to ensure that you are covered.
you are not covered, you may want to consider taking out liability
cover or changing to a new policy that includes this cover.
Suter is Managing Editor of the UK Property Portal (http://www.ukpropertyportal.co.uk),
an online directory and magazine for UK property sales, rental,
surveyors, mortgages, conveyancing, property insurance, removals,
news, investment and development
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