Research has revealed that 28% of the country’s private landlords have had their property damaged by tenants in the last 12 months.
According to the National Landlords Association’s (NLA) estimates, over 400,000 of the UK’s 1.5 million private landlords have been affected.
And the NLA’s research shows that the North East is the most perilous place to let out a property, where 46% of landlords have encountered a problem with damage in the last year.
Landlords in the South East were least likely to experience the problem, where a mere 21% have suffered.
The figures also reveal that approximately 120,000 landlords (8%) in the UK have had to make an insurance claim of some kind in the last 12 months.
Reacting to the news, the NLA is now reminding all landlords to ensure they have the right protection in place to cover all eventualities and to insure their investment against the unexpected.
Carolyn Uphill, NLA chairman, said: “Property damage is just one of the many different problems a landlord can experience when letting property. Many are unaware that a simple home insurance policy will not provide sufficient cover for all eventualities, so we’re urging all landlords to protect their investments and ensure they have the right insurance policy in place.
“The NLA offers the most comprehensive range of support, advice and services to help landlords and property owners of all shapes and sizes to run profitable, sustainable and successful lettings businesses.
“Landlords who are unsure about what cover they need should get in touch about our bespoke property insurance offering, which includes some of the widest cover for landlords and buy to let owners in the market.”