Ensuring your property insurance is fit for purpose is crucial, especially if there is a change in how your home is being used.

One Devon couple found this out to their cost, when they let their cottage out, fully furnished, to another local couple in 2009 according to a recent report in the Telegraph.

The article explains that Richard and Rosalind Meryon had volunteered to work with an overseas charity, but before they left their property, they effected cover with their insurance provider of 10 years.

The provider sold them a policy which was adequate for a tenanted property.

After the couple went abroad, their tenants paid their rent smoothly for two years – but then the rent stopped arriving in their bank. Worried, they organised an inspection and returned to the UK.

The house and garden were in a terrible state, strewn with rubbish. It took the Meryons five months to evict the pair, and £2,500.

Malicious Damage & Theft

Damage to the property ran to £56,000 and whilst the policy sold to them was suitable for a tenanted property, it did not include cover for malicious damage or theft by the tenant. Their insurer refused to pay for the damage – a position upheld by the ombudsman following a complaint by the couple.

Getting the Right Cover

If you plan to rent out your property, it is imperative you understand the risks and get the right insurance for the task. Here at Click4Quote.com we offer transparent let property insurance policies that are easy to understand and give you the cover you need.

Click4quote.com can provide let property insurance for buildings and contents as well as optional cover for theft and malicious damage by the tenant.   We would always recommend regular visits to your property either by yourself or an appointed representative to ensure that any issues are addressed as quickly as possible.   You may like to think about legal expenses, rent recover and rent guarantee cover, all of which are available from Click4quote.com.  Why not get call us today or get an instant quote online today.