Short term landlord insurance is also an advantage for many who are considering leasing their properties. A few of these benefits are:
- Short term rental can help to fill void rental payments.
- It can help find use for an unoccupied property.
- It could save you insurance premiums, as unoccupied properties are generally more expensive to insure.
It may be worth pre-agreeing the payment of bills and rent with the tenant prior to them renting the property. This will avoid any dispute about who should pay for what.
You may want to think about taking out extra cover in the form of landlord liability insurance which will protect you from injuries and accidents sustained to the tenant on your property.