A recent survey of letting agents carried out be Let Insurance Services reveals that only half of all letting agents discuss rent guarantee insurance with their landlords, with only one third offering to arrange it.
Non payment of rent is probably the biggest risk factor faced by landlords.
Michael Portman, managing director of Let Insurance Services commented:
“There may not be a legal duty of care to advise clients of the existence of insurance, but there is a professional obligation. It is best practice among regulated agents to warn landlords of the various risks and how they can mitigate them.
For more advice on rent guarantee insurance.