43% of tenants have pets – so where’s the protection for landlords?

by Mark Alexander

16:06 PM, 15th October 2014
About 6 years ago

43% of tenants have pets – so where’s the protection for landlords?

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43% of tenants have pets – so where’s the protection for landlords?

Pet Damage Insurance

Just suppose that taking tenants with pets was an insurable risk!

Would pet owners pay for the policy?

I met with our insurance partners yesterday and discussed the dilemma’s that many landlords have over whether to accept tenants with pets or not.

We reckon that if demand is high enough we persuade a major insurer to create a policy which would pay for  damage caused by tenants pets directly to landlords.

A worthwhile policy probably wouldn’t be cheap, our best guess at this stage is around £180 a year , but if tenants were given the choice to pay for it (annually up-front of course) before taking on the tenancy ………. ???

By advertising that you are a pet friendly landlord the statistics suggest you could almost double the number of enquiries from renters next time you advertise your property. If your prospective tenants refuse to buy a policy then your decision on whether to rent to them would be much easier to make and to justify!

I am inviting landlords and tenants to post comments below this article and also to re-tweet my Tweets which can be found below the expression of interest form.

At this stage we are merely attempting to establish demand for such an insurance policy.  If you are a landlord and this is something you would be open minded enough to support “in principle” please complete the form below which doesn’t commit you to anything. To make it worth your while, we will arrange for our current insurance partners to call you to explain how we can GUARANTEE to reduce your landlords insurance premiums, but not until you are close to your next renewal date for obvious reasons.

 

Comments

Mark Alexander

16:07 PM, 17th October 2014
About 6 years ago

Reply to the comment left by "Lou Valdini" at "17/10/2014 - 13:33":

Hi Lou

Yes we only usually ask one of our insurance partners to call. If for any reason they can't quote then we ask the other.

"Staffies", AKA Staffordshire Bull Terriers are not banned by the way, maybe you meant Pit Bull Terriers?
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Neil Woodhead

16:22 PM, 17th October 2014
About 6 years ago

Mark This is their web site http://www.letswithpets.org.uk/

Mark Alexander

16:26 PM, 17th October 2014
About 6 years ago

Reply to the comment left by "Neil Woodhead" at "17/10/2014 - 16:22":

I am aware of them but I don't know anybody there, do you?
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Neil Woodhead

16:51 PM, 17th October 2014
About 6 years ago

Sorry Mark no direct contacts

Mark Alexander

17:07 PM, 17th October 2014
About 6 years ago

Anybody else reading this got contacts with Lets with Pets?
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