Ways to safeguard your rental income

Red For Rent Real Estate Sign in Front of Beautiful House.

One spin-off from the global financial crisis has been an increase in the number of people who have become landlords.

Owning more than one property used to be the reserve of the wealthy, but today many people have chosen to invest money into property for a wide range of reasons.

Low interest rates

The historical low interest rates that many countries are still experiencing have meant that some traditional methods of building savings have become difficult due to a decrease in returns.

The fact that rental yields have performed well over the past few years across a number of different economies and domestic markets has meant that investing in property with a view to letting it out has become a popular way to put your money to good use.

Property values

Another side of the coin has been the fact that for many countries property values slumped from their mid-2000s peaks, and this made buying a more attractive prospect. In the UK the fact that applying for buy-to-let mortgages is often easier than many traditional mortgages has boosted the market. Some people continue to rent themselves whilst owning properties which are let out to tenants.


Although for many it seems like a win-win situation, with house prices now on the increase, rents holding up and increase numbers of people in the rental markets, there are still some pitfalls that can affect the unwary.

Landlord insurance is an essential type of cover for anyone who lets out rental property. The fact that rental yields can be seriously affected by even a few months of non occupancy means that damage to property or fixtures and fittings (if they are provided) can have an enormous impact. With specialist packages aimed at landlords both large and small, providers have identified a niche market whilst also being actively responsive to customer feedback.


The question of whether or not a landlord should pay premiums for cover is really something of a no-brainer. Quite simply, the money saved would compare very favourably to covering the outlays that might be needed if the worst happened; if major repairs were needed and properties were off the market for a considerable time.

Essentially the only real way to safeguard your rental income is to make sure that you have the right insurance package to cover every eventuality and negate the chances of being left out of pocket.