|
Letsure
Tenant Insurance – Letsure Landlord Insurance
Rental
insurance -
Letsure
offering insurance products
for Landlords and Tenants.
Letsure
Landlord Insurance and Tenant Insurance &
Holiday Homes UK
Letsure
Landlord insurance 
Letsure
Tenants insurance 
Letsure
Landlords Rent protection insurance
Letsure
Landlords Legal Protection
Letsure
UK Holiday Homes insurance
Solutions
for Landlords from Letsure Low Cost Landlord Insurance
for the UK
They
are a specialist provider of Landlord insurance products and
risk management services to the lettings industry.
- Buildings
and Contents
- Rent
Protection
- Legal
Protection
- Tenant
Assessment
- UK
Holiday Homes
__________________________
Landlords'
Household Insurance
Landlords
face unique risks when letting out property, so protecting
your investment against the unexpected is a prudent step.
Landlords Household Insurance covers:
- Buildings
insurance (if required)
- Contents
insurance (if required)
- up
to £40,000 for furnished property;
- or
up to £5,000 for unfurnished property (covers
carpets, curtains, domestic kitchen appliance, light
fittings and sunblinds)
- Loss
of rent as a result of insured event
(up to 20% of the sum insured on buildings and /or contents)
- £2,000,000
public liability cover
- £5,000,000
employers liability cover
- Protection
against damage caused by the tenants
- Accidental
damage cover options available
- Full
cover for property unoccupied between lets (subject to conditions)
- Monthly
premium payment option (subject to acceptance- Service charge
applies)
- Insurance
premiums are a tax deductible expense
Landlords
Household Insurance is accepted by mortgage lenders
Letsure
Landlord insurance
Top
of Page
__________________________
Rent
Protection Insurance
Tenants
can fall into arrears for many reasons, even those with favourable
references. Can you afford to lose monthly income?
In
an uncertain world, it's good practice to obtain protection.
Tenant's circumstances can change for any number of reasons,
so it's prudent to minimise the risk to your income. Rentsure
Silver can assist to protect your rental income. The insurance
provides:
- Rent
Guarantee Insurance; protection to pay 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
- Covers
monthly rents up to £5,000 (or higher upon request)
- Covers
Legal Costs:
- to
obtain possession of the property on breach of the tenancy
agreement
- to
defend a Legal Action brought against you by your tenants
- to
remove squatters
- Pays
the cost of alternative accommodation up to £50 per
day or a maximum £1,500 per claim
- Cover
is only available for properties to be insured within England,
Scotland or Wales
- Insurance
premiums are a tax deductible expense
A
Letsure Comprehensive Tenant Assessment will satisfy all the
referencing requirements of Rentsure Silver Insurance
Letsure
Rent protection insurance
Top
of Page
__________________________
Legal
Protection Insurance
Disputes
with tenants can be costly. Don't be faced with the unexpected
expense of solicitor's fees. Letsure Legal Protection Insurance
can provide you with invaluable protection.
Legal
Protection Insurance covers your property against risks such
as the legal costs that may arise if your tenant(s) breach
the terms of their tenancy agreement with you by providing
cover for legal expenses and disbursements. The policy provides:
- Legal
expenses cover, up to £50,000 per annum, for disputes
over unpaid rent and damage to property (subject to the
minimum amount in dispute exceeding £250)
- Assistance
to trace 'gone-away' tenants
- Cover
is only available for properties to be insured within England,
Scotland or Wales.
- Insurance
premiums are a tax deductible expense
Letsure
Legal Protection
Top
of Page
__________________________
Holiday
Homes Insurance
Whether
your property is a second home or an investment, they have
one thing in common – the need for specialist insurance.
We can offer you an insurance policy which provides comprehensive
property insurance especially for second homes or homes rented
out as holiday lets.
Holiday
Homes Insurance from Letsure provides comprehensive property
cover for most types for properties. (Cover is not available
for mobile homes or chalets).
Cover can be arranged for the Buildings, Contents or both:
- Buildings
(minimum sum insured) £40,000
- Contents
(minimum sum insured) £10,000
- New
for old cover on contents (except clothing and linen)
- Cover
for theft and malicious damage, (not by tenants) even whilst
a property is unoccupied (subject to policy terms and conditions
– see main conditions below)
- Damage
to the property, its outbuildings and swimming pools as
a result of subsidence
- Property
owners liability up to £2,000,000
- Employers
liability for domestic staff
- Monthly
premium payment option available (subject to terms and conditions
– service charge applies)
Holiday
Homes Insurance is accepted by mortgage lenders.
Letsure
Holiday Homes
Top
of Page
__________________________
Tenants
insurance
Tenants
Contents Insurance from Letsure is
designed to cover the type of problems that can crop up when
renting a property, including protection if you are found
to be liable for injury to other people.
You
might be surprised to know that your landlord cannot be responsible
for insuring your possessions or that you could even be liable
for any damage you cause to your landlord’s goods. To
provide you with a solution, we offer contents insurance specifically
designed for tenants.
Tenants
Contents Insurance covers:
- Cover
is available up to a sum insured of £30,000 online.
Should you require a higher sum please contact us on the
number above.
- new
for old cover;
- accidental
damage cover (optional);
- include
your landlord's goods up to £2,500 (with accidental
damage cover option);
- employers
liability cover;
- personal
and occupiers liability cover;
- contents
covered whilst moving home if professional removers are
employed;
- cost
of alternative accommodation paid (up to 20% of the contents
Sum insured) if your home becomes uninhabitable following
an insured occurrence.
- cover
is available for personal possessions normally carried or
worn, away from the home, extends to worldwide cover for
up to 60 days a year
- *monthly
premium payment option available
*
Subject to terms and conditions
Letsure
Tenants insurance
Top
of Page
Jeffrey
Milner Ltd T/A jml Property Services acts as introducers to
Letsure Ltd who is authorised and regulated by the Financial
Services Authority (FSA). Letsure's FSA registration number
is 313817. Letsure Ltd Registered in England No. 03010153
- Registered address: 4-9 Highview, High Street, Bordon, Hampshire,
GU35 0AX, England
__________________________
Brief
summary of Landlord Insurance
Brief
summary of Tenant's insurance
REMEMBER
WHETHER YOU ARE A LANDLORD OR TENANT - YOU SHOULD HAVE SUFFICIENT
INSURANCE COVER
Letsure?
Letsure
provides specialist solutions for the lettings market, helping
protect against the risks associated with property rental.
Whether you are a tenant looking to rent a property, a landlord
with a property to rent or are an Agent with experience
in providing Letting services, we can provide you with the
right solution for your insurance and letting needs.
Letsure
Limited is authorised and regulated by the Financial Services
Authority, Registration Number 313817 (www.fsa.gov.uk/register/).
Not all products mentioned on this website are regulated
by the Financial Services Authority
Registered Office: 4-9 Highview, High Street, Bordon, Hampshire,
GU35 0AX. Letsure Limited Registered in England No. 03010153
VAT No: GB 243 9514 56
March
2009 - Letsure Property Insurance now available again via
jml Insurance in the Uk - After an absence of 14 months
when Letsure products could not be sold on line a new system
is in operation and available via jml insurance...More
Here
January
2009 - New Managing Director for Letsure- Barbon Insurance
Group has announced the appointment of Ian Fraser as Managing
Director for its Letsure division ( visit www.letsure.co.uk)
- one of the leading suppliers of let property insurance
solutions for tenants, landlords and agents...More
Here
Top
of Page
Landlords'
insurance cover: How much is enough?
Over
insurance is pointless under insurance can be costly, so
how do your clients get the balance right?
Individual
circumstances differ. Someone letting their primary residence
to go abroad may assume that existing household insurance
can run on. Other purchasing an investment property intended
for letting unfurnished may believe their requirements are
minimal.
Clients
must understand that a standard insurance policy may not
be sufficient. Landlords face unique risks when letting
property so need to think carefully about protecting their
investment.
The
first essesntial is adequate buildings covere where the
property is insured for its full re-building cost, not for
its market value. Depending on area and type of property
re-building costs could be substantially lower - or even
higher.Market value is driven by location whereas re-building
is based on current contruction costs.
Underpinning
the calculation of rebuilding cost is external floor area,
a figure more than 90% of property owners do not know. If
the property is new-build or recently purchased, it may
be possible to find the rebuilding cost on the valuation
report or mortage survey. Otherwise, a guide to assessing
and calculating rebuilding costs can be found on the The
Association of British Insurers' website www.abi.org.uk
Contents
cover is dictated by whether the property is let furnushed
or unfurnished. For furnished property, the client can eliminate
guesswork by using the room by room inventory and putting
an estimate of replacement costs against each item. The
accumulated value of the contents may surprise them by being
20% or 30% higher than they assumed.
What
about unfurnished property? This is still likely toinclude
kitchen appliances,carpets and curtains. Landlords purchasing
new investment properties will invariably find that kitchen
appliances are built-in, in which case appliances and fitted
units are covered by the buildings insurance. In this event,
the amount of cover needed will be minimal.
Specialist
landlords' household policies can provide both buildings
and contents cover, with contents cover tailored to provide
full cover for furnished or limited cover for unfurnished.A
specialist policy will also look beyond protecting bricks,
mortar and possessions. Elements such as protection against
damage by tenants, full cover for property unoccupied betweeb
lets, loss of rent as a result of an insured event and public
and employer's liabillity cover are also options. And as
your advice should extend to protecting the landlord's investment,
you should also encourage rent and legal protection for
unforseen situations where things can go wrong with a tenancy.
Source: Tim Wakelin of Letsure December 2005
The
above information has been supplied by Tim Wakelin of Letsure
and that jml Property Services takes no responsibilty for
its accuracy. December 2005
Top
of Page
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
Top
of Page
|
