|
Take
out a Rentsure Silver Rent Guarantee when letting out your property __________________________________ 22nd
September 2009 Summary:
Landlords
are being warned if they are worried about tenants going into arrears take out
a rent guarantee insurance policy from a specialist insurance company like Letsure. In
February 2009 the NLA (National Landlords Association) issued a press
release entitled 74% of advice line calls about tenants not paying
rent. They are the leading representative body for private-residential landlords
in the UK they had published figures showing its advice line has received over
30,000 individual telephone calls in the past 12 months. The advice line had taken
on average 2,500 calls per month Of these calls 74 per cent of calls were from
landlords seeking advice on how to deal with tenancies when rental arrears start
to build up. As
the recession continues to bite, a growing number of tenants are defaulting on
their rent payments, leaving many landlords in a difficult position with their
own mortgage repayments. Increasingly, landlords are seeking advice on the best
way to deal with tenants who have fallen behind with their rent, including the
legal eviction process. The
NLA message on their Advice Line was clear - if a tenant is in financial difficulty
they should talk to their landlord as soon as possible. Landlord
insurance providers like Letsure who have been providing landlord and tenant insurance
products for years have been promoting their Rent Guarantee Products a great deal
this year. With
the Letsure Rentsure Silver Rent Guarantee Insurance product, according to Letsure's
current information, the landlord can be covered for the monthly rent for up to
12 months on breach of tenancy agreement, 100% of the rent paid until full and
vacant possession is obtained ,75% of the rent paid for up to 2 months once full
and vacant possession is obtained until the property has been re-let. It will
also cover legal costs. Full terms and conditions are obtainable from Letsure
via a dedicated link the jml-property-insurance.co.uk website.
http://www.jml-property-insurance.co.uk/letsure.htm
Philip
Suter of jml-property-insurance said" We have been introducer agents since 2002
for Letsure insurance products and it is evident that more and more tenants will
fall into arrears and Landlords need to protect their investment. The rental market
in the UK is very good at the present time, however a tenant who has been thoroughly
referenced and who is in regular employment can still be made redundant and not
necessarily find a new job." Letsure
also caters for the Tenant market with Tenant's Contents Insurance products. So
many tenants, particularly if they have never rented before assume that the Landlord's
insurance does not cover their possessions. Most tenants have a lot of personal
belongings like a computer, mobile phone, ipod and of course clothing and often
a TV. It is essential to insure these and of course to take out cover in case
the renter damages the landlord's property e.g. spilling coffee on the carpet.
Further
information at : www.jml-property-insurance.co.uk
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
in 1979. jml insurance acts as an introducer for insurance companies selling property
insurance including landlord and tenant rental products, pet insurance like Animal
Friends 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 September 2009
Looking
for Landlord, Tenant, Homeowner, UK Holiday Home insurance from Letsure? Click
on logo
Return
to jml insurance Press Releases See
Also Letsure
Property Insurance now available again via jml Insurance in the UK jml
Insurance Press Releases 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 
Back
to top | 
