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HomeLet advises their agents to make sure that their rent is fully protected

News has come in from the UK Landlord and Tenant property insurance company HomeLet to their letting agents on the 29th May 09.

The recession has led to a surge in rental arrears and in the first quarter of 2009 they saw a 20% increase in Rent Guarantee claims. This means that they are helping more landlords than ever before. With unemployment predicted to reach over 3m in 2010 it's inevitable that the number of tenants who default on their rent will only continue to rise.

According to research by the National Landlords Association One in Three landlords currently have tenants in arrears.

HomeLet paid out £3 million in rent arrears and legal costs in 2008

They say that there has been a 20 per cent increase in Rent Guarantee claims so far this year.

Apparently the is guarantee will provide for:

  • Cover for missed rental payments

  • Specialist in-house Claims team to ensure all claims are handled promptly

  • Cover for legal costs incurred in evicting the tenant as a result of non-payment of the rent

Well don't take our word for this, but if you are a Landlord looking for rental insurance you must follow this link or click on the HomeLet logo below

HomeLet is a trading name of Barbon Insurance Group Ltd, Registered Office: 4-9 Highview, High Street, Bordon, Hampshire, GU35 0AX, England who are authorised and regulated by the Financial Services Authority in the UK. Their FSA Register number is 308724.Jeffrey Milner Ltd T/A jml Property Services acts as introducers to HomeLet

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See also HomeLet (Group) Press Information:

HomeLet Insurance wins a national award for its innovation within the lettings industry - December 2011

Latest HomeLet Rental Index is out now - December 2011

HomeLet insurance raises money for the Nomad Trust of Lincoln - December 2011

HomeLet launches Rental Price Index - June 2011

HomeLet insurance leading the way - February 2011

December news from HomeLet Landlord and Tenant Insurance - December 2010

HomeLet Insurance encourages Landlords to think about Rental Guarantee as difficult times face tenants - October 2010

HomeLet Mousemat for Tenant's Contents Insurance- October 2010

HomeLet Rental Index shows surge in rents for the South West of the UK - October 2010

HomeLet Insurance launch new forum for letting agents - June 2010

HomeLet and Martin & Co offer new cover for Landlords - June 2010

There are a record breaking number of renewals for Martin & Co - June 2010

HomeLet sponsors Bloom Apprenticeship Academy for Estate and Letting Agents - June 2010

Do landlords really need specialist insurance? - June 2010

Rent Guarantee claim a landlord's experience - June 2010

HomeLet Insurance update - June 2010

The Letting Agent of the Year Awards - June 2010

Grant Shapps appointed as new Housing Minister - May 2010

Nationwide Building Society announces New Mortgage Deals and John Boyle of HomeLet insurance says New Buy-To-let deal is good news for Landlords - May 2010

Pinkerton Murray Strikes Gold - May 2010

Students to get Extra Protection from Crime via HomeLet Insurance - May 2010

Rising Rents Pose Potential Risk for Landlords in the UK - April 2010

HomeLet insurance run for charirty - March 2010

HomeLet Launches £500 Prize Draw for Landlords - March 2010

Rental Increases could see a reversal of Fortune says HomeLet Managing Director - March 2010

HomeLet offers More Benefits for Premier Customers - March 2010

Agents Positive about the Future of Lettings - February 2010

Cold Snap Could Prove Costly for Landlords says HomeLet Insurance - January 2010

HomeLet Launch New Range of Landlord's Insurance - December 2009

HomeLet Insurance offers service guarantee to Letsense Agents - December 2009

HomeLet to launch innovative new insurance policy product - December 2009

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


New to letting or renting?

Take a look at our landlords advice and tenants advice guides

Why do I need Landlords Insurance?

See also

You need insurance cover for whatever the weather, Adequate Buildings insurance - keep your home / investment protected

and

Landlord Insurance Article by Philip Suter

Click for Landlords Household Quotes

Landlord - Tenant- UK Holiday Home Insurance

UK main residence Property Insurance

Click for Tenants Contents Quotes

Overseas Property Insurance

The new jml Insurance site

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jml Property Insurance.co.uk /jml Property Services acts purely as an online web promotion service for insurance companies. We are not insurance brokers and are unable to offer advice or deal with any of our advertisers enquiries. It is not an insurance comparison price website.. All dealing must be with the insurance company that you will gain access to via a link from this website. jml Property Services are unable to give advice either verbally or in writing regarding insurance or assist with changes to insurance policies that you have taken out. You must contact the insurer direct. We are therefore unable to provide any quotes ourselves as we would be breaking the law. If you are unable to access one of the insurance company's sites please email us by Clicking Here . There are occasions when a link is broken to an insurance company's website and we are not aware of this.

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