A number of private landlords do not have adequate cover for their buy-to-let investments, it has been claimed.

New research from Redbrick, a division of the Paragon Group of Companies, found that 67 per cent of people who rent out their homes professionally have specialist buildings cover.

Another finding was that 12 per cent have combined legal expenses and rent guarantee insurance, even though recent National Landlords Association research shows the majority of landlords expect more tenant arrears this year.

Tony Armitage, Redbrick Landlords Insurance director, said: "Landlords need to carefully consider their insurance needs and ensure that they are properly protected."

He added that "it is amazing"that just two-thirds of landlords have taken out specialist buildings insurance.

Mr Armitage also suggested that the other third "presumably [have] a standard household policy or, worryingly, no insurance at all".

The Association of Residential Letting Agents, among other property organisations, has been calling for landlords and tenants to receive more protection in the event of buildings being repossessed.

Written by Claire Doyle
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