Welcome to the reallymoving forum
Got questions and need some advice? Our forums have answers on everything from choosing the right property, to renting and selling.
  • If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Announcement

Collapse
No announcement yet.

Insurer warns landlords over cannabis producing tenants

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Insurer warns landlords over cannabis producing tenants

    Norwich Union has been warning landlords that they should vet tenants carefully and take time over inspecting properties, because of a rise in the use of let residential properties as cannabis farms.Police figures show there were 5,497 seizures of cannabis plants in 2006/07 (up 34% since 2005) and according to the insurer, the cost of [...]

    More: Insurer warns landlords over cannabis producing tenants

  • #2
    We have noticed a rise in "cannabis factory" claims. It is commonly thought that this is covered by insurers as malicious damage by the tenant. The only problem is that the damage caused is not "malicious" as such and is not covered by any other insured peril. The only time insurers pay out is if the landlord has taken extensive measures to vet their tenants and check their property regularly. Even then it is at the insurer's own discretion. They have no commitment to pay as it is not specifically covered under the policy. It is basically impossible to have this sort of claim guaranteed by the insurers to be covered.
    UK Landlord Insurance Specialist

    Comment

    Working...
    X