I would like to tell you a story about how a letting agency misused my landlord insurance.
The letting agency sold me an awesome product, landlord insurance. If my tenant does not pay the insurance pays up to 3 months GREAT, or so I thought…
The first time I got suspicious was when I was notified that my property did not have a tenant and that the insurance had already paid out 3 months rent. I was furious, why was I not notified? The excuse I got was that the assigned agent was not very reliable and has been fired and that this would never happen again.
About 6 months after the incident I received an email from the new agent. He informed me that the property did not have a tenant and that the insurance had paid out 3 months rent. He can not help me any more and urged me to find a new letting agent. AGAIN!!! Why was I not informed.
My suspicion is that this company used this insurance to make money out of me. If they informed me earlier I could have done something about it, but no, they waited until the 3 months had past and then only informed me of their plans.
So the wrap up, always insist on financial documentation, on a monthly basis, that indicates that your property still has a tenant. Believe me, it will save you stress and money.



