rent and legal protection insurance

hel23m

I would like to know if anyone knows if its as necessary to have rent and legal protection insurance if your tenants have naturally come to be on a month to month periodic tenancy following the end of the original 6 month AST term?

Nobbie1967

It's not necessary to have this insurance at all. You're better off vetting the tenants properly in the first place, rather than hoping this will payout if your tenants do a runner.

G_M

It's insurance.

With the exception of car insurance (legal requirement) ALL insurance is optional and depends on your attitude to risk.

Whether the tenant is on a fixed term, or periodic, seems irrelevant. The risk is much the same.

But in considering these policies, make sure you understand them.

* often the first months arrears are excluded.
* often there is a maximum number of months rent claimable (6?)
* often the catagory of tenant (benefits claimants?) affects the policy

So be sure that the policy you buy is actually going to pay out if the risk you are concerned about arises.