Landlords advised to consider landlords insurance

Wed, 22 Apr 2009

Unemployment has risen by almost 5 per cent among new private sector tenants .

According to research by Smartlandlord.co.uk, there has also been an increase in the number of self employed tenants from 7.8 per cent to 8.4 per cent and even a slight rise in the number of retiree tenants from 7.8 per cent to 8.1 per cent.

Landlords are being advised to consider the impact of unemployed tenants and protect themselves with the right landlords insurance and rent guarantee insurance . Kershav Thukaram, managing director of Smartlandlord said: "With the occupation of tenants diversifying from traditional employment, landlords need to make sure they reference tenants to ascertain they can afford the property and ask for guarantors where necessary."

Mr Thukaram also said that in the current economic climate any tenant, whatever their employment, could find themselves in financial difficulty due to some unexpected loss of income . He explained that landlords needed to look at new ways in which to protect themselves, such as rent guarantee insurance .
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

 

Health cover, life insurance and PMIProtect Your Health

Find Critical illness, Life and Private Medical Insurance PMI policies.

UK Home Insurance QuotesHome Insurance

Get the best home insurance deal and learn how to minimise the risk of household burglary.

Car Insurance - Compare Quotes from top UK CompaniesCar Insurances

Find the cheapest Car Insurance quote in the UK and get tips to help reduce your premiums.