- Demand for insurance product for Tenant's contents insurance Doubles
October 29, 2009
to the launch of its new Tenants Contents Insurance + product and
increased demand, HomeLet has
managed to double the number of policies sold in just six months.
more, since 2006 HomeLet has referenced over 1 million tenants,
proving it is still the market-leading provider of specialist insurance
products and services to the UK lettings industry.
September 2009 HomeLet sold over double the amount of tenants contents
insurance policies when compared to January 2009, with an increase
of 121 per cent.
increase indicates that tenants, who have tended to overlook buying
tenants contents insurance in the past, are seeing renting as a
more long-term commitment rather than a temporary stop gap.
the onset of the recession and the resulting increase in the cost
of living and rise in unemployment, the number of burglaries has
also gone up. Tenants, who are feeling the pinch along with everyone
else, have become more aware of the value of their possessions and
the cost of replacing them.
launched Tenants Contents Insurance + which is designed
specifically to protect tenants against the potential risks of renting
As well as being competitively priced, the new product still provides
specialist cover that protects the tenant's deposit by providing
cover for accidental damage to the landlord's contents, building,
fixtures and fittings up to the value of £2,500.
Contents Insurance + also covers the policyholder and two additional
tenants who are named on the tenancy agreement, as long as they're
employed, self employed or retired. This means that one policy can
cover three tenants saving money and making it ideal for sharers.
HomeLet's Managing Director John Boyle said: "HomeLet has been providing
tenants contents insurance for over a decade and we're constantly
improving the products that we provide to our customers to ensure
that we stay ahead of the market. .
are delighted to have achieved a 121 per cent increase between January
and September 2009 and this is testament to our commitment to providing
comprehensive cover at competitive prices."
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