Landlords warned over insurance gaps as regulations tighten
Original Article Summary
Landlords are failing to adequately disclose property and tenant details to insurers, creating potential coverage gaps that could prove costly when claims are made. Underinsurance remains a significant issue, with properties potentially left exposed if not insured for their true value. The post Landlords warned over insurance gaps as regulations tighten appeared first on PropertyWire.
Investor Analysis
Landlords are warned that inadequate insurance disclosure — particularly around HMO classification and tenant profiles — combined with the Renters' Rights Act removal of Section 21, creates material income and coverage risk that regular policy reviews and specialist insurance can mitigate.
Investor Relevance
With Section 21 abolished, landlords face longer and costlier rent arrears processes, making rent protection and legal expenses cover no longer optional add-ons but core risk management tools; insurance gaps around HMO use or inaccurate tenant declarations could void claims at exactly the wrong moment.
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