As well as property tax, rental tax and other issues such as tenancy agreements, private landlords need to focus on insurance, it would seem.

Let Insurance Services, a financial services provider that is part of UKinsurancenet.com, said that private landlords need to take the subject of insurance seriously.

It has also given an insight into some of the patterns regarding home cover among those who own rental property.

Michael Portman, managing director at Let Insurance Services, said: "A lot of them just focus on getting the lowest premium and, if they find the tenants have trashed the property causing massive damage, then they will end up with a bill which some insurers might not cover."

Earlier this month, Pi-Property Insurance reported that landlords were increasingly focusing their insurance on eradicating risks and suggested 32 per cent of them had become more risk aware.

Written by John Weeks

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