The Property Podcast ASK488: Should I get rental insurance? PLUS: Is this a leasehold nightmare?
Aug 5, 2025
This week, two intriguing questions propel the discussion. One listener probes the value of rental insurance, stirring up a debate on balancing risk and financial security. Meanwhile, another dives deep into the murky waters of leasehold properties after discovering alarming ground rent clauses. The hosts offer sound advice on negotiating terms and highlight the importance of thorough research to navigate potential pitfalls. Listeners gain insights into strategic decision-making for property investments!
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Rob Bence's Insurance Change
- Rob Bence experienced a nightmare tenant causing losses equal to years of saved insurance premiums.
- This event changed his view, leading him to insure all his properties for peace of mind and autopilot management.
Choose Rental Insurance Wisely
- Evaluate insurance policies closely since coverage terms vary widely and cheap options may not pay out well.
- Monitor the impact of government rental reforms on insurance products and seek the best policy for your portfolio.
Verify Leasehold Ground Rent Fixes
- Ensure your solicitor confirms the deed of variation fully protects you from excessive ground rent increases.
- If assured, you can proceed with leasehold properties despite initial concerns about ground rent clauses.