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THREE: Legal insurance should be part of the package and can be invaluable. The typical annual premium on tenant insurance isn’t likely to be enough to pay for a single hour of a specialist lawyer’s time. And if you need plenty of legal work done to evict problem tenants or defend yourself against them then the bill will be far higher. Knowing you get access to a legal help line and will have your case taken on if necessary can provide wonderful peace of mind. You should also get several million pounds worth of public liability cover included in case anyone is injured or even killed on your property and a negligence claim is raised against you. In today’s legal-focused society you’re living a high risk life if you try to manage without this sort of cover.
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