Is your tenant invalidating your landlord insurance policy?

The article highlights concerns about landlords unintentionally invalidating their insurance policies due to tenant actions. Tenants may risk coverage by not informing landlords of major changes, damages, or extended property vacancies. Landlords also face challenges if they fail to address reported issues, as this could void claims.

A survey by Quotezone found that 45% of tenants have encountered problems like mould or asbestos, with 16% of these cases going unresolved. Greg Wilson, Quotezone’s CEO, emphasizes the importance of clear lease agreements and communication between landlords and tenants to ensure insurance policies remain valid. Landlords must stay proactive in maintaining property safety and promptly addressing issues to avoid potential financial risks.

Read the full article at Landlord Today