Back to: The Landlord Insurance Course
Tessa Shepperson is an Introducer Appointed Representative of Alan Boswell Insurance Brokers Limited who are authorised and regulated by the Financial Conduct Authority (ref 301081).
Tessa and Easy Law Services Ltd do not provide insurance or financial advice. The information here is for educational purposes only and all examples are for illustrative purposes only. The content been approved by Alan Boswell Group. Tessa will receive a small share of the commission for insurance purchased from Alan Boswell Group. If calling them, please quote Tessa’s agent number 3405 to help track the introduction.
This is where a criminal gang take over control of your property – either by renting your property as tenant or by taking over from the named tenants.
Typically, they will then gut the property and install equipment allowing them to grow as many cannabis plants as possible. Needless to say. this will do enormous damage to your property which will be expensive – very expensive – to put right.
For example, the problems you will face after getting a property back from cannabis growing tenants will usually include:
- The contents and floors stripped
- Soil stored under the floorboards
- Wiring cut into to bypass the electricity meters (NB this can create a significant fire risk)
- An irrigation system installed
- A heating system installed
- Generators installed
- Damage to the property walls due to the installations
- Widespread mould, residue, and damp as a result of all this
The staff at Alan Boswell Group tell me one of the highest claims they have ever had was where a property was converted to a cannabis farm – the final figure came to nearly £80,000! Although the cost usually averages between £20,000 and £30,000 – still a considerable sum.
This is not an uncommon problem either, so don’t think “It can’t happen to me”. It could. Although there are things you can do to protect your position.
