There is a problem if the language on the landlords’ insurance policy is opaque. There is no requirement for recipients of insurance to have very high qualifications. They could be illiterate but they are still entitled to enter a tenancy agreement if they have the money to support it. Rural areas might also be affected by the fact that the local population is not entirely conversant with the technical details of land law. It is therefore important that you ensure that the landlords’ insurance policy is written in language that is accessible to all parties that are involved in the deal.
- Get many copies: There are provisions for you to get multiple copies of the landlords’ insurance documents. You can then distribute these to the relevant parties so that they can study the conditions that are attacked. The study process will help them to pick out any issues that are of concern as the policy is being formulated. It will also prevent them from breaking the rules that are attached to the document since they have an understanding of their implications.
- Request for simple language: In the negotiations for landlords’ insurance, you can insist upon simple language. This will give you the opportunity to undertake some of the principal roles within the arrangement. It will also help you to get the right balance in terms of the priorities that need to be communicated to the tenants. If that is not possible then you may request for explanatory notes.
- Make sure that there are explanatory notes: Some of these landlords’ insurance documents have attachments that give the reader an insight into the technical details that drive the policy. You can be part of the process of formulating these notes according to your needs. Likewise you can request for simply explanations on things that seem to be of a contentious nature.
- Ask for legal advice: It is in your interest to request for legal advice. This is meant to ensure that the terms within the landlords’ insurance are clear to you. If you have understood them then it might be worth your while to give some explanation to the tenant. The issues of obligations are particularly important because it is the tenant that is living in the home. They are ultimately responsible for ensuring that no infringements are encouraged on the policy. A few errors can make the entire policy invalid to begin with.