Theft by Tenant
Having purchased a property to rent out, you may then have spent many thousands of pounds on buying fixtures and fittings and contents. This could include the likes of a bathroom suite, a fitted kitchen including the appliances and pieces of furniture such as chairs, table and a TV for the use of your tenants. Whilst most tenants are respectable and trustworthy, unfortunately, there are a very small number that are dishonest.
It is not unheard of with some rental properties, in particular with tenants that have struggled to pay the rent, to discover that upon re-gaining possession of your investment property there are items that have either been damaged whilst an attempt has been made to steal them or they are missing. Although the tenant will no doubt have paid a deposit the sum may well fall far short of the cost of replacing the items.
However, you will be pleased to read that tenant theft or attempted theft insurance will provide cover up to a maximum sum to enable you to replace items that have been damaged whilst an attempt has been made by your tenant to steal them or stolen by a tenant plus the cost of taking legal action against the tenant.
Tenant theft or attempted theft insurance is sometimes included as standard in a landlord insurance policy but this should be checked when you are looking into arranging landlords insurance as different companies provide varying levels of cover.