Landlords are increasingly looking at insurance options to protect their income, with the cost-of-living crisis potentially threatening their tenant’s ability to pay their rent.
The research by LettingaProperty.com suggests almost one in two landlords (48%) are now looking at rent protection or additional insurance as means of protecting their own income.
When it comes to its own services, the company said 62% of landlords subscribing to one of their plans included rent protection in the first quarter of 2022. But this figure jumped to 75% in the second quarter of this year.