Almost a third (28%) of landlords in the UK have had tenants damage their property in the last 12 months, according to research by the National Landlords Association (NLA). They estimate that more than 400,000 of the UK’s 1.5m landlords have been affected.
According to the findings, landlords in the North East are most at risk, with not far off half (46%) of landlords there having encountered the problem. Landlords in the South East are the least likely to suffer the problem, with only one in five (21%) having their properties damaged by tenants in the last year.
It was also revealed that roughly 120,000 landlords have had to make an insurance claim of some kind in the last 12 months. Reacting to these figures, the NLA issued a warning for landlords, to ensure they have the right protection in place so they are not caught out when making a claim.
The coverage of basic home insurance policies is quite often not as comprehensive as many landlords assume it to be. It is imperitive that landlords seek out protection that covers all eventualities.