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In
2009 only a few tenants are properly insured in the UK
Released
5th February 2009
Summary:
There
is now a huge rental market in the UK, many people renting
cannot get a mortgage or don't want to buy in case they lose
their jobs, so they rent, unfortunately only a small percentage
take out insurance.
With
the growth of the UK's rental market, it is unfortunate that
so many tenants are not insuring their possessions.
All
tenants are at risk from theft and damage to their possessions,
as well as their landlord's contents and something as simple
as a spilt glass of wine could mean the loss of their deposit.
From a spilt glass of wine to an iron mark on the carpet,
accidents can happen whether you are renting or not. However
if you happen to be living in rented property, a tenant might
not realize that the landlord can take out the cost of repairs
for these accidents from the deposit..
Although
tenants are usually advised by the letting agents and get
information from the Internet, they still don't realise that
the landlord's insurance won't cover them if they accidentally
damage the rental property and it certainly won't cover them
if their own belongings are stolen.
Nationally in the UK that only ten per cent of tenants have
appropriate insurance in place, meaning that ninety per cent
don't have adequate insurance to cover their contents.
Tenants
often neglect to buy contents insurance, many simply don't
know that it's available or in some instances they assume
that they're protected by their landlords insurance, which
isn't the case.
A
typical Tenant's contents insurance policy will offer cover
for:
- Accidental
damage to their landlord's property - for example if the
carpet is ruined with red wine or coffee. They won't be
risking their deposit.
-
Audio and electrical equipment, credit cards, money, bikes
and frozen food.
-
Items in the garden and outbuildings and even iPods, handbags
when they are away from home.
-
Theft by forcible means, collision by aircraft, vehicles
or animals.
Part
of the problem why tenants don't take out insurance is because
they think that because they are renting, they haven't got
many possessions. Even if they rent in a furnished property,
whereby the landlord's insurance will cover the landlord's
furniture, they forget the other small items they have.
These
often include a new TV, a laptop computer, games console,
an ipod or cd player clothes, food in the freezer and that
bicycle.
It
is very easy to buy insurance and property insurance sites
like www.jml-property-insurance.co.uk
act as introducers for Tenant and Landlord rental specialists
like HomeLet
and Endsleigh.
You can usually make arrangements on line and pay on a monthly
or annual basis using credit, debit card or direct debit.
Ends....
Company
Information
jml
Insurance.co.uk is
part of jml
Property Services, the trading name of Jeffrey
Milner Ltd.
The company is an UK based company that was established
over 30 years ago in 1979. jml insurance acts as an introducer
for insurance companies selling property insurance including
landlord and tenant rental products, pet insurance, wedding
insurance, motor insurance, car hire excess insurance, travel
insurance and non standard insurance products. They also operate
jmlvillas.com
an online marketing service for owners of holiday home property
to advertise and are part of the jml
Group that includes jml
Training and Consultancy.
©
jml Property Services February 2009
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press release is also on:
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jml
property insurance Blog
- Website
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Log - Website
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The
Open Press - Website
Press
Box - Website
Ezine
Articles (Variation of this release)
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See
Also
Insurance
Industry Press Releases 2009
Insurance
Industry Press Releases -2008
Insurance
Industry Press Releases 2001 -2007
Independent
insurance Articles
jml
villas.com Press Releases
jml
villas.com / euro-rentavilla.com Media Coverage
jml
Training and Consultancy Press Releases
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