Flooding through leaving the bath running, spilt red wine, and windows smashed by footballs are among some the common ways tenants have damaged properties named by landlords in a recent survey by Total Landlord Insurance.
The insurance company found that the average bill landlords have to foot for property damage is £759. Landlords also named cracking shower trays after dropping the shower head as a common accident.
In one instance recorded by the survey, a single claim came to the value of £19,000 – the highest recorded. In this case, the tenants in question had left for work for the day and left taps on. Upon returning, they discovered a flood that had left the kitchen – which was newly fitted – ruined, ceilings and walls throughout the property bulging with water buildup, the whole home waterlogged, and light fittings and smoke alarms destroyed.
Part of the cost imposed involved finding temporary accommodation for the unlucky tenants while extensive repairs were conducted on the house, and loss of rent during this period.
The insurers want to use these revelations to remind landlords how important it is to have up-to-date cover that is correct for the property.
When it comes to taking out coverage for rental properties, Eddie Hooker, CEO of Total Landlord Insurance, said:
“Buildings and contents insurance needs to be based on rebuild or replacement values. Landlords should base their contents insurance on the cost of replacing all household contents, including all furniture and appliances provided to tenants such as fridge-freezer, television and sofa.
“Landlords should be mindful they need to be as accurate as possible to ensure they have sufficient cover, and if you have a new kitchen fitted, for example, keep hold of the invoices so you can prove its value in the event something gets damaged.”