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Smoke And Carbon Monoxide Alarm Legislation Warning

Smoke And Carbon Monoxide Alarm Legislation Warning

New Smoke And Carbon Monoxide
Alarm Legislation 
Comes Into Force
On 1st October

On October 1st 2015 the Smoke and Carbon Monoxide Alarm (England) Regulations are supposed to come into force meaning that landlords or their appointed lettings and property managing agents must install a smoke alarm on every floor of a rental property used for accommodation and fit Carbon Monoxide alarms in any room that contains a solid fuel burning combustion appliance, and all alarms should be in good working order.

However, there are calls for this legislation to be delayed due to lack of notice and ambiguity of the actual legislation.

The introduction of the new legislation is intended to save lives, we are already aware of the dangers that a potential fire in a residential rented property can cause, however, many landlords remain oblivious to the danger posed by Carbon Monoxide.

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Having The Correct Insurance Saves Money

Having The Correct Insurance Saves Money

Landlords are being urged to reassess any insurance policies they may already have taken out, in order to avoid the possibility of underinsurance, after one poor unsuspecting landlord was left more than £100,000 (GBP) out of pocket.

The landlord unfortunately suffered a fire in the block of flats he owned and submitted a claim for nearly £400,000 before realising that his insurance policy didn’t cover anywhere near that amount.

As a consequence he received less than £300,000 (GBP) and had to find the remaining money himself.

This may appear to be a particularly extreme example of underinsurance and highlights the importance of ensuring that Landlord Insurance liability is sufficient to cover the full value of rebuilding the property.

In the current financial climate, it is more crucial to look at the levels of cover rather than the bottom line premium.

  • 10% of all fire claims are due to tenants smoking in rental property
  • 5% are due to candles
  • 5% are due to faulty electrical wiring.

The statistics also show that Houses Of Multiple Occupation (HMO’s) are more likely to suffer an insurance claim for fire damage than a family home.

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