Home insurance vital for landlords to cover 24 hour lifestyles
Mon, 20 Feb 2006
Home insurance is vital for landlords as their tenants continue to enjoy 24 hour lifestyles.
A survey from home insurance company More Th>N suggests that more homes are being left empty as people spend increasing amounts of time away from their rental property.
It is estimated that 33 per cent of people work longer than average hours and with 14 per cent spending longer commuting, homes are more likely to become the target of burglars and thieves.
A recent British Crime Survey revealed that around three in every 100 houses falls victim every year, with low occupancy levels highlighted as a major vulnerability factor. Therefore, landlords and their tenants that spend significant time away from their main property are being advised to ensure they have adequate home insurance cover in place.
David Pitt, head of insurance at More Th>N, said: "The modern work environment is putting more pressure on people, meaning we have less time to do important things like seeing friends and family as well as cooking, housekeeping and shopping for groceries.
"So despite our national obsession with owning property, our homes are becoming more and more like hotels - simply places to sleep and store clothes." 
© Adfero Ltd
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