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| News » Commercial Property Law » Minor convictions can invalidate insurance, expert warns |
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03/02/2009
Minor convictions can invalidate insurance, expert warns |
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Landlords have been warned to disclose their convictions and any that their tenants may have, or risk invalidating their insurance.
Speaking to the Guardian, Nathalie Mifsud of Hamilton Fraser, insurance partner of the National Landlords Association, has highlighted the dangers of not checking a tenant's credentials thoroughly and disclosing any wrongdoing, no matter how minor.
"A landlord must disclose his own unspent convictions and convictions of any tenant," says Ms Mifsud.
She adds that if a tenant with a criminal conviction "moves into a property midway through an insurance policy and the landlord does not inform the insurer, the policy is potentially void".
Meanwhile, Malcolm Tarling, of the Association of British Insurers, defends this right, particularly when non-disclosure is relevant to the risk.
Michael Portman, managing director of Let Insurance Services, has also claimed that landlords are taking a gamble by not taking out rent protection insurance, no matter how reliable they think that the tenant is.
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