The KB page about landlord’s insurance has a note saying:
The tenancy agreement should take account of any implications of the type of insurance cover there is: for example, if the insurance places an upper limit on the cost of temporary accommodation it may be worth, within the tenancy, limiting liability to the insured amount.
From what I can see, the excellent agreement generated by the tenancy builder is silent on the subject of alternative accommodation. Two questions:
- We’ll be picking an insurance policy that gives £6000-£9000 over 24 months for alternative accommodation (on top of recent received from the tenant). What might the additional clause look like to follow your recommendation above (to cover for the event that alternative accommodation cost more than this), please?
- Alternatively, is there a need for a force majeure clause to cover a situation where the apartment we’re letting became uninhabitable owing to unforeseen circumstances, please?