Protect your investment
As a landlord you aim to generate an income and obtain capital appreciation through your property investments. It therefore makes all the sense in the world that you should try and protect your investments against unexpected incidents and events.
What would happen if one of your properties suffer flooding damage and become uninhabitable for 2 months whilst builders carried out repair works? How would you fund repair works and cover loss of income? Furthermore, if a tenant fails to pay you rent on time how will you meet your monthly mortgage repayment and other regular property related costs? Worst still, what if a resident suffers serious bodily injury due to an unsafe staircase?