14:30 PM, 18th July 2019, About 4 years ago 15
There is a potential loophole on landlords insurance. This is that most, perhaps all, policies now available exclude cover for any damage caused by illegal activities.
This leaves an uncomfortable situation where if, for example, your buy-to-let house was burned down by a tenant and it was discovered that some form of illegal activity had been going on, the insurance company might well not pay anything towards the cost of repair.
However well you know your tenant, or however often you inspect, you can never be 100% sure that no illegal activity is ever going on at a property.
I have yet to find a solution to this problem except to make 6 monthly inspections, screen tenants as closely as possible and trust to luck!
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