What would you do if your property became uninhabitable due
to a major incident? Many people assume their Landlord or Estate Agent will
provide alternative accommodation should their rented property be fire damaged,
water damaged etc however this is not the case.
It is common for a tenant to overlook taking out an
insurance product to cover them as this is normally associated with buying a
property, as well as this most tenants will assume most things that are
important are covered by their Landlord.
It is definitely worth speaking to your current agent about
what they can offer you in regards to Tenants Liability insurance – hair
straighteners on the carpet, spilt drinks, children drawing on the walls –
accidents can happen in anyone’s home and an insurance product such as this
covers you should anything happen.
Obviously, you will normally have paid a Security Deposit
when you first collected the keys, however this does not stretch very far in
terms of repairs and should the damage stretch beyond this you could be taken
to court for the rest of the cost of the damages – not to mention it is
obviously preferable to receive your bond back in full!
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