Back to news

Property Damage a Problem for Landlords

September 25, 2014 | Landlord News  

Share this article  

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.

property_damage_400

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.

Back to news

You may also be interested in…

Leeds Market Update: September 2020

Landlord News

Sales

11/09/2020

Leeds Market Update: September 2020

Read more  
Breaking News: Stamp Duty Holiday Announced

Landlord News

Sales

08/07/2020

Breaking News: Stamp Duty Holiday Announced

Read more  
New Electrical Safety Standards In The PRS – Important Information For Landlords

Landlord News

01/06/2020

New Electrical Safety Standards In The PRS – Important Information For Landlords

Read more