Letsure  Landlord & Tenants Rental Insurance - Landlord & Tenant Insurance - Landlord Insurance - Tenant Insurance 

Advertisement feature Letsure  Tenant Insurance –  Letsure Tenant Insurance for Scotland Low Cost Landlord Insurance in Scotland and the rest of the UK   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) up to £400,000; 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 - Rentsure Silver 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 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     _______________________________________________ Insurance information for Landlords and Tenants Many people concentrate on either finding a property to rent or making sure their property is let out. What a lot of people still tend to overlook is the fact that whether they are property owner or the person renting they must have adequate insurance.   Are you aware that - Some tenants might be surprised to know that their landlord cannot be responsible for insuring their possessions, or that they could even be liable for any damage they cause to the landlord’s goods.   Are you aware that – Finding specialist insurance for rental properties can sometimes be a challenge? All too often, landlords find their property (a most expensive asset) is not adequately covered by standard insurance policies. Landlord insurance from a specialist provider is different. It provides the most comprehensive property insurance there is solely for the rental market   Landlord Insurance for Let Properties This is a most important area that should not be overlooked when Landlords let a property. The risks associated with let properties are significantly different to owner occupied properties therefore you are well advised to use an insurer who specialises in this type of property insurance. An existing, standard, buildings or contents insurance policy on a property owner occupied may not cover the property or contents when it is let, may restrict the cover and or increase the premium. Years ago insurance companies were not happy about covering let property in the UK, but today you have a choice. Two of these long established specialists - Homelet and Letsure can be contacted on this page by clicking here - this leads to our property insurance site. You can obtain a quote on line and arrange cover on line. You should remember that the following categories of Insurance for Landlords should be looked at: Buildings Insurance -This is for re-Build costs - not market valuation. It is essential that your property is adequately insured. Sometimes the re-building value will be considerably lower or higher than its market value. Older properties in the lower priced areas in the UK will cost much more to re-build that their market value. In the UK many properties are under insured, which means in the event of a claim, insurers will not pay the full amount of the claim. If you have any concerns about the amount of cover you need for re-building contact a professional qualified surveyor. If you have an apartment, the buildings insurance will often be part of the amount you pay out annually for service charges and ground rent. Check out the situation with the block management agents. (See below) You should also advise and obtain consent to let your property from your mortgage lender, existing insurer and head lessee (for leasehold properties). Failure to obtain written consent from these parties may render your insurance void in the event of a claim. Many general insurers and mortgage lenders will not cover the property if you intend to place certain categories of tenants in your property i.e. Student, Multiple single sharers and tenants in receipt of State Benefits. Check this out. Usually buildings policies will provide an element of Employers Liability cover. This covers claims for death or injury to anyone you employ at your property i.e. a gardener, painter etc. If you are letting to students or to tenants in receipt of state benefit the university / local authority will normally require a minimum cover. It is also essential that your policy includes Property Owners liability cover to a similar limit to cover injury, death or damage to individuals on or adjacent to your property. When you take out a Buildings Policy the main insured perils should include Fire - Lightening - Aircraft - Explosion - Smoke - Impact - Burst pipes or leakage of oil - Storm or flood - Subsidence damage - Theft- Malicious damage. (Some policies will give the option of malicious damage caused by the tenants - a valuable option for let properties). Most policies will compensate you for loss of rent following damage from one of the above perils if the property is uninhabitable. Check this out with your block management agent if you have an apartment and don't arrange the buildings insurance yourself. It should be noted however, that damage to property caused by tenants who are classed as DSS aylum seekers, refugees or students will no longer be covered under some buildings insurance for blocks of apartments and you should seek professional advice. If your flat is let and you have not taken out additional insurance, you will be held personally liable in the event of damage to property, including neighbouring properties, howsoever caused, including all costs incurred by the Management Company, solicitors, neighbours etc. Contents Insurance - A high percentage of owner occupied properties in the UK are under-insured for the contents. Generally individuals place a value of what the contents are worth not what it would cost to replace them with new items. Most specialist insurers will offer the option of a full contents policy or a limited contents policy. Limited Contents Cover. As many UK properties are let unfurnished / part furnished. A limited contents policy would typically give a fixed limit of cover for items such as: Carpets - Curtains - Blinds - Light fixtures and fittings - Kitchen white goods on a new for old basis. If your property is fully furnished or the limited contents would cost more than £5,000 to replace, you should have a full contents policy. You would normally select the sum you wish to insure for; again this should be adequate to replace all of the contents on a new for old basis. Emergency Assistance -This type of cover will provide assistance for the landlord and the tenant in the event of an emergency at the property such as: Failure of the electricity supply - Failure of the cooking facilities - Lost keys - Plumbing problems - Leaking roofs or guttering - Security of doors and windows. Policies will provide parts and labour cover up to a specified amount and either the landlord or the tenant can call a 24hr 365 day Helpline. (Check out the details on offer from the insurance company) If you have not taken a full management service from your letting agent or do not live near your property this can be a cost effective solution. Please note that that these policies cover Emergency Assistance only and not a repair service through lack of routine maintenance. Legal Expenses Insurance - Even when using the services of a professional letting agent, problems with tenants can occur. In many cases the tenants personal circumstances have changed during the term of the tenancy.(See Section Advice for Landlords on Property Services site - Click on blue words above) Situations like loss of their job, failure of their business, a relationship break-up, accident or illness will effect the tenants ability to pay the rent or their inclination to move out at the end of the tenancy. All these situations can be resolved but will usually involve a Court hearing and solicitors costs. Legal expenses insurance will usually cover all of your legal costs, solicitors/barristers fees, Court and bailiffs' costs. Most such policies will cost well under £100, which represent less than 45 minutes of a specialist solicitors time on a normal fee paying basis. The "average" legal cost of a possession hearing in 2001 was £785, many cost well over £1,000. Rent Guarantee Insurance -These policies are invaluable for many landlords. As a tax deductible premium this will guarantee you receive the rent you are expecting from your property regardless of your tenants personal circumstances, ability or willingness to pay the rent. If you have a mortgage on the property or have calculated your rental income verses your outgoings this will ensure you do receive your rent. Most such policies will include the legal expenses, as detailed above. You will receive your rent and the legal fees to obtain vacant possession will be covered. Policies will usually guarantee your rental for a fixed period, typically 6 or 12 months. Some policies will provide additional cover once you have obtained vacant possession until you are able to re-let your policy. The costs vary from a fixed cost policy or are commonly rated as a percentage of the annual rental figure, typically 3-4%. Tenants Contents Insurance Tenants very often overlook this, especially those who have never rented before. A tenant who has paid the first months rent plus a deposit and administration fees in order to move into the property, insurance is the last thing on their mind. Recent studies have shown that less only 1 -20 tenants have any contents cover at all. Although a conventional home contents policy will give a basic degree of cover for most insured perils it is not specifically designed for tenants and there can be some major gaps in the cover you need. Often the minimum sum you can insure for will be far in excess of what the tenant needs, typically a minimum of £10,000 - £12,000. Most specialist tenant policies will provide the tenant with cover starting from £2,500 upwards and will usually cover accidental damage that you may cause to the landlords fixture, fittings, buildings and contents. Should the tenant accidentally damage the carpet with a wine stain or hot iron or a work surface with a hot pan mark, these events will be covered. Usually the tenancy agreement will make the tenant legally liable for such damage, any damage found at the time of the check-out will be deducted from the deposit or security bond. If the tenant has adequate insurance these events will be covered, thereby protecting your deposit. If a Tenant has a loss through, burglary, fire, flood or other insured peril, which has damaged their contents and have no insurance for their personal possessions they are then left with the cost of replacing the items themselves. Any items of personal property (clothes, furniture, computers etc) a tenant takes into the property it is their responsibility to insure. Most policies will give an option for basic cover which can usually be extended to cover high risk personal items which are taken outside the home, on holiday or Worldwide i.e. Cameras, sports equipment, clothes, jewellery etc. In certain high-risk inner city post codes there will usually be a requirement to have minimum-security locks on doors and accessible windows. Do also take into account the conditions of insurance policies, regarding keeping windows and doors secured when the Tenant is not in the property. For further information click here this leads to our insurance site.  N.B. This information should not be relied on for accuracy and is presented here without the responsibility of jml Property Service and the website it is being displayed at. ©jml property Services 12-04  Top of Page CLICK ON THE LOGO BELOW TO ENTER MAIN jml Insurance site Advertise your Scottish Holiday Home Property for FREE on this site when you advertise it on jmlvillas.com - CLICK HERE for Details   the low cost villa advertising service Advertise your  Holiday Home Property - just £11.75 a year including VAT... CLICK HERE for Details jml Property Services are members of the NLA - National Landlords Association in the UK and BCC, Cote d'Azur - France    ---