Landlord insurance in Wolverhampton

Wolverhampton has a large, affordable rental market of terraces and estate housing, much of it managed at a distance by portfolio landlords. That distance is exactly what makes one particular abuse of a let possible, and costly.

Where the risks come from for Wolverhampton landlords

A let taken over for illegal cannabis cultivation is systematically wrecked, wiring bypassed and overloaded, holes cut through walls and ceilings for ventilation, and rooms saturated with damp from the growing, often ending in fire or serious water damage. It is discovered late, and the damage is severe.

A Wolverhampton example

A Wolverhampton let is found to have been used as a cannabis farm, with the electrics dangerously bypassed, ceilings holed and the property saturated. Where the policy includes malicious damage by tenants and the property was inspected as the cover required, the substantial cost of stripping back and reinstating the house is met.

What landlord insurance covers

Malicious damage by tenants is the cover that answers for this kind of deliberate destruction, but it usually comes with conditions, on inspections and on the tenancy being properly referenced. It sits with buildings cover, property owners' liability and loss of rent.

Placing it in Wolverhampton with Apex

We arrange cover that anticipates the worst a tenancy can do, and we flag the inspection conditions that keep it valid. Apex arranges Wolverhampton lets and portfolios through one named broker. Regulated by the FCA; established 2009.

Related

• Commercial property insurance Wolverhampton
• Business insurance Wolverhampton
• Public liability insurance Wolverhampton