Private landlords should consider insuring themselves against the threat of redundancies - which could affect their tenants' abilities to pay rent, it has been suggested.

According to comparethemarket.com, rent guarantee insurance is among the types of cover many Britons should be considering amid the recession.

The price comparison website argued that with unemployment and redundancies likely to reach high levels in 2009, forms of payment protection could prove a consumer's "best friend"in the economic downturn.

"With the current economic turmoil and the risk of redundancy increasing, it is more important than ever for consumers to evaluate their need for payment protection insurance,"said Jeremy Moll, commercial director at comparethemarket.com.

His views come as tenant demand is thriving in the private rented sector, but landlords - some of whom could be reliant on punctual rent payments to meet buy-to-let mortgage repayments - are concerned about their tenants' finances.

The National Landlords Association revealed in December that 71 per cent of private landlords felt more tenants were likely to fall behind on their rent payments this year.ADNFCR-2002-ID-19032598-ADNFCR

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