Landlords Legal Expenses Cover
Landlords Legal Expenses – is a product that is often overlooked by many new landlords, probably because it is not heavily marketed by insurers. However, it is relatively cheap to buy and can provide valuable protection for Landlords. Many new landlords spend a good deal of time sourcing property and obtaining the best mortgage deal, yet spend no time at all thinking of other ways of protecting what is in essence an investment.
Covers for this type of policy do vary dramatically and some, based on legal expenses for home insurance are fairly worthless. If you are going to buy a legal expenses policy, make sure it is designed especially for a buy to let landlord. Look out for the following covers, if they are included then you now the policy is worth considering.
Breach of Tenancy Agreement.
Rent Arrears Pursuit.
Eviction of Tenant.
Legal Defence cover.
TAX, VAT, PAYE, & NIC Investigations.
Legal help line.