Member

The two amendments tabled by the noble Baroness, Lady Scott, would require the Secretary of State to consult with insurers before Clause 13 comes into effect. Amendment 284 aims to ensure that insurance products which cover the risk of pet damage are available for landlords who rent to pet owners. We recognise that one of the key concerns for landlords when considering tenants with pets is the potential for damage that may exceed the tenant’s deposit. However, while there are currently limited insurance options specifically covering the risk of pet damage, this is because landlords have discretion over allowing pets and cannot charge tenants for insurance under the provisions of the Tenant Fees Act 2019, meaning there has been little demand for such products. By establishing a framework that encourages the development of this market, we believe the Bill will drive the necessary adaptations in the insurance industry.