After changes to UK laws in the private rental sector tenants can now keep pets, without the Landlord’s permission. But the Landlord is liable for the damage, tenants are not required to take out pet damage insurance. Here’s the word;
Addept Insurance Services (Addept Insurance) has announced that its dedicated tenant pet damage protection insurance for landlords, called Not for Lions, is available to residential landlord customers of Protect My Let, part of Howden.
Most landlord insurance products currently exclude pet damage, and landlord building’s policies, the most common type of insurance brought by landlords, excludes damage to areas such as carpets. Not for Lions addresses these protection gaps by offering an optional additional layer of insurance protection specifically for damage caused by a tenant’s pet including to landlord contents and carpets. Cover is available on an add-on and standalone basis.
Richard Finan, Managing Director, Addept Insurance, said: “The Renters’ Rights Act does not mandate pet damage insurance cover and so has left many landlords without any form of redress should a tenant’s pet damage their property. Enlightened landlord insurance providers such as Protect My Let have recognised the importance of providing their customers with access to a dedicated solution that addresses the protection gap.”
Kelly Newman, Associate Director for Protect My Let, part of Howden, commented: “This partnership demonstrates how we continue to evolve our insurance solutions to meet the changing needs of our landlord customers. We have listened closely to client’s insights and kept abreast of developments in the market to ensure we’re offering products that fulfil a genuine and emerging need. With the Renters’ Rights Act strengthening tenants’ rights to keep pets, it’s increasing important that landlords have appropriate protection against the associated risk of possible property damage. Addept’s ‘Not for Lions’ is an innovative solution that addresses this risk directly, and we’re pleased to bring this added value to our landlord insurance proposition.”
For more than 20 years, Protect My Let, part of Howden, has been providing tailored insurance solutions for landlords of single or multiple properties. More at; www.protectmylet.com
Not for Lions is underwritten by The Salvation Army General Insurance Corporation Limited (SAGIC).
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