Landlord insurance in Motherwell

Motherwell, in the old Lanarkshire steel country, has an affordable rental market of terraces and ex-council housing. Most tenancies pass without incident, but the ones that end badly can end very badly indeed.

Where the risks come from for Motherwell landlords

When a tenancy breaks down and a tenant is being removed, there is a risk of deliberate damage on the way out, fittings wrecked, walls holed, appliances destroyed as an act of spite. It is malicious damage, and the bill to make the property re-lettable falls to the landlord.

A Motherwell example

A tenant facing eviction deliberately damages a Motherwell let before leaving, smashing sanitaryware, holing plasterboard walls and ripping out the kitchen. Restoring the property runs to several thousand pounds and loses weeks of letting. Malicious-damage-by-tenant cover meets the repair and the lost rent.

What landlord insurance covers

Malicious damage by tenants is a specific cover that a bare buildings policy may exclude, and it is exactly what answers for a spiteful exit. It belongs alongside the standard perils, property owners' liability and loss of rent for any let with ordinary tenant turnover.

Placing it in Motherwell with Apex

We make sure malicious tenant damage is actually on the policy rather than assumed, because it is a common and costly gap. Apex arranges Motherwell lets through one point of contact and insurers who cover the risk properly. FCA authorised; broking since 2009.

Related

• Commercial property insurance Motherwell
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