Zero-hours workers face rental exclusion from insurance
Original Article Summary
A tribunal ruling has exposed how rent guarantee insurance criteria are preventing workers on zero-hours contracts from accessing rental properties. The case emerges as landlords have substantially increased their use of rent guarantee insurance following the Renters' Rights Act receiving Royal Assent. The post Zero-hours workers face rental exclusion from insurance appeared first on PropertyWire.
PropMatch Curated Analysis
A tribunal ruling in Swindon has highlighted how rent guarantee insurance criteria systematically exclude zero-hours contract workers, creating a conflict between landlords' risk management strategies and tenant accessibility — a tension amplified by the 41% surge in insurance demand following the Renters' Rights Act.
Investor Relevance
As landlords increasingly adopt rent guarantee insurance in response to the Renters' Rights Act, this article signals that standard underwriting criteria may inadvertently narrow their tenant pool and expose them to holding deposit disputes. Landlords should review their referencing and insurance terms to ensure consistency and legal compliance, particularly where flexible employment is prevalent in local labour markets.
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