Landlords warned that severe winter weather could bring big repair bills

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http://www.coasttocountrylettings.co.uk/index.php?webpage=news.php&id=1167 Coast to Country Letting Agents provide professional and personal property management and letting agent service. Specifically property in Seaford, Lewes, Eastbourne, Newhaven, Saltdean and Brighton.

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Landlords warned that severe winter weather could bring big repair bills

  1. 1. Landlords Warned That Severe Winter Weather Could Bring Big Repair BillsThe National Landlords Association (NLA) has issued a warning to all UK landlords to check thattheir landlord insurance is up to date and to prepare for bad weather and freezing temperaturesover the next few months, as weather forecasters predict a bitterly cold winter ahead for the UK.There have been several predictions about the severity of the forthcoming winter by weatherforecasters that have made national headlines in newspapers. Hurricane Sandy taughtUSA property owners to make sure they had the right insurance and here in the UK we cannotafford to take chances.Even if the severe weather does not materialise and the weather remains mild, thousands ofpounds worth of damage can still easily be done to a rental property, and in most cases it is thelandlord that has to foot the repair bills.Severe weather can cause damage to rental properties – Make sure Insurance is up to date In 2011, some 30% of all rental property insurance claims were for damage caused by sub zerotemperatures or freezing conditions, with one Buy-To-Let insurance claim topping £40,000(GBP).Standard residential and household insurance policies DO NOT cover PRS rental properties!It is vital that landlords ensure that all rental properties owned have the right typeof insurance and that the rental property is covered to an adequate amount to cover alleventualities.David Salusbury Chairman of the National Landlords Association,said, “Last winter was relativelymild compared to previous years so it’s important that landlords and their tenants aren’tcomplacent and take action to mitigate any risk of damage to the property. Importantly, landlordsshould be aware that most normal home insurance policies do not provide cover in the event ofdamage in all circumstances. Having the correct residential property insurance is vital”.Tenants need their own contents insurance too and should also be urged by the landlord to lookout for signs of damage to their home caused by the weather so that their landlords can rectifyany problems swiftly.Click here for great deals on Landlord Insurance

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