Common use of Property Insurance and Mortgages Clause in Contracts

Property Insurance and Mortgages. 7.1 If The Property is not covered by Buildings & Contents Insurance arranged through The Agent, The Landlord undertakes to maintain appropriate and adequate insurance for The Property and contents throughout the time it is let or unoccupied and to notify the insurers of the fact The Property is being let and of periods of non-occupation. The Landlord is advised that if he does not notify the insurer that The Property is let or unoccupied then the policy may be void and any claim refused. It is recommended that The Landlord holds both buildings insurance to cover any claim for damage or a personal injury claim made by a Tenant or a visitor to The Property and contents insurance, even if The Property is not “furnished”, to cover any damage to items such as white goods. 7.2 If The Property has a mortgage The Landlord shall: 7.2.1 Notify the lender of the intention to let and obtain all necessary consents for letting in writing.