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HomeLet
- Demand for insurance product for Tenant's contents insurance
Doubles
Thursday,
October 29, 2009
Thanks
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.
What's
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.
In
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.
This
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.
Since
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.
In
June HomeLet
launched Tenants Contents Insurance + which
is designed specifically to protect tenants against the potential
risks of renting a property.
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.
Tenants
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.
.
"We
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."
Source:
www.homeletuk.com
__________________________________________________________________
Further
information about Barbon Insurance Group
See
also HomeLet (Group) Press Information:
Demand
for HomeLet insurance doubles - October 2009
HomeLet
releases a new Tenant's contents insurance product available
via jml insurance - HomeLet rental insurance have cut the
cost of tenants insurance from the 19th June 09 with a new
policy that is available via jml insurance - June 2009
Barbon
Insurance has acquired Zennor Ltd - April 2009
Tenants
should Insure against recession related crime - February 2009
Barbon
Insurance Appoints New Directors - Compliance - IT - Finance
- February 2009
New
Managing Director for Letsure- Barbon Insurance Group has
announced the appointment of Ian Fraser as Managing Director
- January 2009
New
Chief Executive for Barbon Insurance - September 2008
Barbon
Insurance Reveals Latest Financial Results - September 2008
EIS
Completes Rebranding Exercise to Become Barbon Insurance Limited
-August 2008
jml
Insurance are very pleased that HomeLet and Letsure are now
under the Barbon Insurance Group umbrella - August 2008
Martin
& Co announces three year deal with HomeLet - July 2008
HomeLet
staff gain promotions - June 2008
New
Customer relations manager for EIS Insurance Solutions - June
2008
EIS
sale completed - New and stable long term ownership - April
2008
EIS
separates from Erinaceous Group - New and stable ownership
- April 2008
Erinaceous
placed in administration - April 2008
jml
Insurance will now be introducing Homelet Landlord & Tenant
insurance instead of Letsure - March 2008
Erinaceous
puts insurance division up for sale - January - February 2008
Brian
Turney has left Lumley Letsure - June 2007
Erinaceous
Group Plc Opens Property Management Office in Dublin, Ireland
- May 2007
HomeLet
IPEX -Landlords set for buy-to-let revolution as new scheme
launched - March 2007
HomeLet
Rental insurance launch Portfolio Insurance from 10th July
2006 in the UK
Letsure
has a new Glasgow offices December 2005
HomeLet
launches new low cost option landlord’s protection - July
2003
Also:
HomeLet Landlord & Tenant Insurance Sponsors Negotiator Award
The 2008 awards from The Negotiator Magazine took place at
the London Hilton on the 11th November
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