Misc letting questions

A

aircobra19

Registered User
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Is it usual to have public liability insurance on rented property.

How often is usual for a landlord to visit/inspect a property.
 
Can't answer the first question, but the last apartment I rented was supposed to have quarterly visits from the letting agent (in practice, I think they came out twice in the four years I was there). Provision for the quarterly inspections was included in the lease and the agent notified me by email that he/she wanted to visit and we arranged a time that suited us all.
 
you should have liability insurance in place to cover your liability as owner of the property and also as landlord.

If a house, then you should arrange the insurance yourself as you can shop around for best deal. If an appartment, then I can only suggest that you contact management company.
 
Some insurers will will quote you for public liability on rented property if you have your PPR insured with them.
 
PPR?

I've never heard of public liability insurance on rented property. I've only heard of it with estates or apartment schemes where theres a management company looking after the public/common areas.
 
When you insure your contents in a rented property many companies will cover you for public liability insurance as part of the package. What would happen if your tenant fell in the rented property and put in a claim against the landlord? You'd need public liability insurance then.
 
Marg is correct. The common areas are covered by the Management Co.s Insurance on the block. If an accident happens in your property, (or in fact any apartment), whether let out or not, (you may be living in it), the injured may make a claim against the owner. If you have contents cover, your Policy may have a Public Liability section, but you will need to check and ensure that cover is in place -- for the sake of your own pocket, as in the case of a claim it could be very expensive if not insured.
 
Most normal household Insurance Policies where it is owner occupied, contain Public Liability Insurance (e.g. cover for window cleaners, workmen, visitors etc.) For rented property, in houses instances, make sure you check yoyr Policy
 
Cover for any legal fees incurred in the event of accident/damage to tenants or their visitors or claims against a landlord are included in the premium quoted by some insurers but you need to check as sometimes that's an additional cost. You do need to have third-party liability cover to the maximum when letting property.
 
aircobra - it is Public Liability you require. Call it what you like, but that is the correct term
 
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