This article is designed to inform you about Malicious Damage cover in a Landlords Insurance Policy which is something that people are always worried about when they rent their second out of the main reason you are rarely know the people that you rent it out to very well and of this we are incur any attacks on the property or even damage it themeless it iselves both of which can be protected by insuring the property as a Landlords or Buy to Let Insurance.
Malicious Damage in itself is fairly straight forward and is covered by is any kind of covering should any cover Any property of do any kind of damage to it at all all maliciously. kick down the front wall of the property then to the requested on it to either repair or replace the broken bit of the property that the vandals had maliciously damaged .
Something else that many people look for in a Landlords Insurance Policy is Malicious Damage by the Tenant companies companies are able to cover as many people feel that it is something that is too risky. That will cover this peril will put a claim on this limit that it is a limit, usually £ 5,000 however there are companies company out there that will cover any damage done maliciously by the tenant up to the building Sum Insured that you have insured the property for.
The reason that a lot of insurers will not cover this is earlier the landlord will not always know the tenant very well and if there is any discrepancy between the landlord and their tenants then you are never sure if they will maliciously damage the property following the disagreement to get back at the tenant, and also the landlord does not always get the necessary checks done About the tenants before they moved in and there before can be seen as a liability.
For example there are some insurance companies will will cover it as an insured peril if you have professional or Working tenants in the property but they will not cover DSS and Students are seen as they are more likely to damage the property as they do not have to worry as much about losing their place as if they were a working person that needed a place to live so that they could carry on going to work and learning the rent.
So if you are thinking of renting out a property and looking at getting Landlords Insurance then always remember to go through everything that is covered as it differs widely from insurance company to insurance company and you should always check the exact cover that you are getting on your policy.
