Preparing the Property
It is important that your Tenants should feel comfortable in their temporary home, and feel that they are receiving value for their money. It follows, therefore, that a well maintained property in good decorative order will go a long towards this, whilst at the same time achieving a maximum rental figure. Tenants are also more inclined to treat such a property with greater respect.
A standard policy covers a wide range of incidents which are known as Perils. The standard Perils are as follows: Fire, Explosion, Lightning, Earthquake, Smoke (non gradual), Storm, Flood, Riot, Civil Unrest, Strikes, and Labour Disturbances, Malicious Acts (not by tenants, unless specifically requested). Being hit by: Aircraft or other Flying Objects, or anything falling from them; Vehicles or Animals. Water escaping from water tanks, pipes, equipment or fixed heating systems. Water freezing in tanks, equipment or pipes. Oil leaking from a fixed heating system. Theft or Attempted Theft (not by tenants, unless specifically requested). Falling radio and television aerials and dishes, and their fittings and masts. Subsidence or heave of the land that the Buildings stand on, or landslip (does not cover coastal erosion). Falling trees or branches. It should be noted that not all Perils apply when a property is Unoccupied or Unfurnished for more than 60 days (with some insurers the period is longer and/or can be extended if required) in a row.