Invalidating a house rental agreement
There will be gaps cover and won’t cover you adequately for the liability, legal and loss of rent options available on a landlord’s policy.
Equally, your tenancy agreement may require certain responsibilities of you that are best served by an insurance agreement, especially if you want to avoid putting your financial future at risk.This is not always offered as standard, so be sure to make clear during your quote that you want accidental damage coverage included. This is specifically to cover accidental damage caused by you.Accidental damage is considered damage to the property not classed under another insurable peril. Accidental damage when caused by you tenant is usually covered by their deposit or even potentially their own insurance.Tip: There are various free re-build calculators online that can easily assist you in working out your re-build cost, such as the BCIS Public Rebuild Calculator.Should the property become uninhabitable as a result of damage by an insured peril, the indemnity period is the maximum length of time ‘loss of rent’ can be claimed for after a loss.