Rental insurance demand surges 41% ahead of new legislation
Original Article Summary
Demand for rental insurance products increased by 41% between September and December last year, according to data from lettings platform Goodlord. A survey of 234 letting agents and landlords found that 76% said the Renters' Rights Act had increased their likelihood of taking out insurance. The post Rental insurance demand surges 41% ahead of new legislation appeared first on PropertyWire.
PropMatch Curated Analysis
Rental insurance demand surged 41% as the Renters' Rights Act received Royal Assent, with 76% of landlords and agents more likely to obtain insurance due to concerns about court delays and extended disputes.
Investor Relevance
Critical for understanding risk mitigation strategies needed under new rental legislation. Insurance costs will impact yields while providing protection against extended eviction processes and tenant disputes.
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