It has been claimed that many landlords may have invalidated their insurance without even knowing about it.
According to the Guardian, experts are warning that a tenant living in a property who has an unspent conviction that has not been declared could be invalidating the insurance.
Nathalie Mifsud of Hamilton Fraser, insurance partner of the National Landlords Association, says: "A landlord must disclose his own unspent convictions and convictions of any tenant.
"If a tenant with a conviction moves into a property midway through an insurance policy and the landlord does not inform the insurer, the policy is potentially void."
Around 7.3 million people in the UK have a conviction, according to Ministry of Justice.
Meanwhile, Let Insurance Services states that landlords who do not take out rent projection insurance in the current financial environment are taking a gamble, no matter how good a tenant they think they have.
Published on: February 3, 2009