Landlord Insurance Accidental Damage Cover

Usually an extra that is available with landlord insurance, accidental damage cover could turn out to be a prudent investment. Accidents are an inevitable part of life for most people, and while most of them can be shrugged off, some can end up being quite expensive.
As a landlord accidental damage insurance will cover you from having to shoulder the full cost of damage caused by these unforeseen events. Many insurance companies will offer you accidental damage cover as part of a landlord insurance quote.
The definition of an accidental damage being used here is - Damage resulting from an unexpected and non deliberate external action - So things that are not included will generally be:

• Wear and tear
• Vandalism or malicious
• Damage resulting from knowingly reckless behaviour
• DIY or cleaning related accidents

 

  

 

DIY related accidents are an interesting case as some insurers will be willing to accept certain kinds of accidents, such as accidently bursting a water pipe with a nail, while others will not accept any claims like this. If your tenants have a young family, it can be a very wise move to make sure that an accidental damage cover is in place. The majority of accidental damage claims are a result of the actions of children and involve broken TVs and stereos as well as damage to furniture and carpets.
Damage caused by animals is another interesting point to bear in mind when looking at landlord insurance quotes. Accidental damage cover is not usually extended to the actions of domestic pets, such as chewing, tearing and scratching, but most will vermin and other infestations.