It may surprise you to read that, on occasions, a tenant has been known to make some material alteration to the structure of the property that they are renting out without the prior approval of the landlord. For instance, many modern homes have non-load bearing partition walls separating rooms so it is quite feasible for a tenant to adapt the floor plan of the property in some way such as by removing the wall that is placed between the kitchen and the dining room to create a kitchen diner.
Should this happen, the cost of returning the floor plan of your rental property to its original state could be quite significant as it is likely to require the attention of skilled tradespeople. You will be pleased to read that many landlord insurance policies include cover for such an unfortunate occurrence called “unauthorised alteration insurance” as part of the standard cover.
This will enable you to return the rental property back to what it looked like just before the present rental period. The amount of cover provided may vary between different landlord insurance companies but is often a percentage of the amount the building is insured for.
One of the conditions of unauthorised alteration insurance may be that the property should be inspected by either yourself or someone that you have asked to do so on your behalf at least once in every six months and a record kept of such a visit to the rental property.
As you can see, unauthorised alteration insurance will provide you with peace of mind should the tenant make an alteration to the property without your approval.