Nick Symes on… Risk improvements

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Most insurance quotations provided by Insurers are “subject to completion of any Risk Improvements within the timescales allowed”. Therefore failure to complete any Risk Improvements allow the Insurer to apply terms or even come off cover.

You can require the tenants to complete them under the terms of the lease, but ultimately if not completed, it will affect the insurance cover provided.

It is therefore important to ensure these requirements are completed in a timely manner.

For more information visit http://www.reichinsurance.co.uk/our-services/residential-property/

Tags: Risk | Insurance | Quotes | Quotations | Tenants