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The new jml Insurance site

Welcome to jml Property Insurance services web site - We have been successfully marketing online Rental Property insurance for Landlords and Tenants and Holiday home owners since 2002: 

SHOP ON LINE FOR YOUR PROPERTY INSURANCE in 2010 (and more) NOW....

CLICK on a product from our Insurance Product Locator to find out more details and get a quote / arrange cover on line NOW or use the search facility Click Here

We are not a comparison site, purely an advertising service and you search for the type of insurance product you require from the menu on the left and then follow an individual link to an insurance provider and make all arrangements direct.

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We offer links to these Non Standard insurance product providers:

Landlord Insurance - Rent Guarantee Insurance - Buy to Let Insurance - HomeLet Landlords Portfolio Insurance - Tenant Insurance- Car rental annual excess insurance - Daily car rental excess insurance - Overseas & UK Holiday Home Property Insurance - Letsure Landlord & Tenant insurance - Flood Insurance - Rentguard Landlord Tenant Commercial Owner Occupier Insurance - Boats - Overseas & UK main residence Property insurance - The Money Centre buy to let mortgages - Endsleigh Insurance products - Landlords Emergency Assistance Insurance - Lifestyle Excess insurance - Intasure UK main residence Property Insurance - Driving License Insurance -Car Hire Insurance - Block of Flats insurance - Ex -offender insurance for reformed offenders - Financial Failure Travel Insurance - Equity & General Insurance - Mobile phone insurance and much more....

plus links to these Standard insurance product providers:

Travel insurance - Travel Insurance for the over 50's - Household insurance - Car, Motor Bike, Van & Caravan insurance - Health insurance products - Student Insurance - Business Insurance - Office, Surgery, Shops, Tradesmen, Northern Ireland Residents Insurance and much more...

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IS YOUR HOLIDAY RENTAL INSURED? - More Here

See also: Security Tips for Property Owners

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Going Skiing?

Visit our Ski insurance section at jml-insurance HERE

 

Endsleigh Insurance is offering Travel Insurance for the Three Best Ski Resorts to Book for Winter 2009 - October 2009

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Insurance News.....More Here

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We've selected Quotezone to provide a fast way to get the best offer on your insurance. Fill in your details just ONCE in this easy form and the system will do the rest - gathering and comparing personal insurance quotes from lots of different brokers.

You can get quotes from up to 50 insurers in under 2 minutes! You're in safe hands because Quotezone deals only with trustworthy FSA-registered insurers, including the big-name providers like Swinton, Kwik-Fit, Quinn Direct and Swiftcover! Quotezone saves you a lot of time and money.

Quotezone - Home Bike Van Car Life Caravan Motorhome Campervan insurance Here

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Information Here for Landlords

and Tenants Here

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jml Property Insurance The Insurance Website offers introdction advertising links to:

Other products Here

You make all your own dealings direct with the individual insurance provider

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If your are off on a holiday - taking a short city break or arranging a longer holiday - Don't forget your Travel insurance - For more information, Please Click Here

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Caught speeding past one of these? Thought about taking out insurance?

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Insurance News - February, January 2010 and December 2009

Travelbeam Luxury Hotels protects customers against airline collapse....More Here

Staysure and insureme4.co.uk Travel Insurance now available via jml insurance websites....More Here

Motorists warned to look out for trees in Lincoln, lamp posts in Durham and walls in Halifax....More Here

car hire excess insurance can be purchased nearly anywhere in the world via insurance4carrental.com....More Here

I've become bothered by the increase in costs associated with hiring cars - See Blog January 2011....More Here

Car hire excess insurance in news again - See Blog January 2010....More Here

What are your Pet Care Resolutions? / Local pet insurance company sponsors one lucky and endangered bear rescued from Vietnam's illegal bear bile farms....More Here

Cold Snap Could Prove Costly for Landlords says HomeLet Insurance....More Here

Car hire excess insurance can be purchased anywhere in the world....More Here

Lloyds Banking Group has stopped accepting mortgage applications from The Money Centre....More Here

Globespan collapse highlights the need for travellers to check their Travel Insurance Protection....More Here

Scottish airline Flyglobespan goes bust....More Here

Direct Line Travel Insurance introduces cover for the financial failure of airlines...More Here

car hire excess insurance reminder for Christmas or New Year break...More Here

Flood advice from Towergate Risk Solutions....More Here

HomeLet Landlord's Insurance+ now available via jml insurance websites...More Here

HomeLet Launch New Range of Landlord's Insurance....More Here

HomeLet Insurance offers service guarantee to Letsense Agents....More Here

HomeLet to launch innovative new insurance policy product - December 2009...More Here

Insuring homes at risk from flooding - Blog November 25th 09 ....More Here

Top 5 Pocket Pooches - Animal Friends Insurance Article...More Here

Who Will Take Care of my Pet While I'm on Holiday?" Animal Friends Insurance Article....More Here

Endsleigh now helps LetSense customers - on jml insurance blog....More Here

HomeLet to rescue LetSense agents - Tenant referencing and insurance firm, HomeLet, is offering assistance to agents linked to rival firm, LetSense, which is about to close....More Here

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jml Group Blogspot sites - add your comments to:

Car hire excess insurance

jml Property Insurance

jml Training & Consultancy

jml Villas Holiday Homes

Find jml on twitter

jml Insurance

jml villas

insurance4carrental

jml Training

Find jml on facebook

jml Insurance

jml villas

Earlier Insurance industry Press Releases from 2010....Here

Insurance industry Press Releases 2009....Here

Insurance industry Press Releases 2008....Here

Insurance industry Press Releases 2001 - 2007....Here

jml Property Insurance Press Releases....Here

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Just started renting? You will need Insurance

If you have just started renting? Rent, local taxes, food, entertainment soon add up. It is most unlikely that your personal belongings will be covererd where you are renting. Is your computer insured? Find out more here

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Landlord Insurance Landlord Rental Insurance Providers HomeLet Endsleigh LetsurexSimplex Rentguard Devon Direct Rentshield Direct - HERE

You have just spent a lot of money buying a property - either it is your home and you are going to work overseas for a while or in a different part of the country. It might be an investment property a "buy - to let" or a buy to let via a SIPPs Property Pension. You might just have inherited the property or decided to move into your partner's property. For any of those reasons you must make sure the property is insured. If you are buying just one property purely to let out, you must treat it as a business - keeping proper records for tax authorities etc and like running any business - you need to run this in a professional manner and this means having adequate insurance.

If you don't what happens if the roof blows off - a tenant falls down stairs and breaks a leg - the pipes burst. Some of these might well be covered if you own an apartment that has includes insurance with the block management - maintenance - ground rent charges. Most apartment blocks have this, however they might not cover theft, or water damage to fixtures and fittings in the event of a burst pipe. It is not a legal requirement to have Landlord Insurance, but if your tenant fell down stairs you could be facing a high claim at the local law court.

If you own a house or bungalow then you will not have this type of insurance. You will have to make your own arrangements. When a there is a mortgage on a property the lender will naturally insist that the building is insured as part of the mortgage deed. The property owner will often have to use the lenders insurer, however like the insurance situation with an apartment, it would normally be very rare for the insurance to cover an contents. 85% of private UK Landlords have mortgages supporting their investment. The interest still has to be paid even when the rent isn't.

When you let out your property you must let the insurance company know. (If the property is mortgaged then the lender should be advised and you should get their agreement in writing). You could have a situation whereby there is a claim for your property, the insurance company will not honour this because it was not the owner and immediate family living there….it was let out. If the property is your normal domestic home and you and your family are moving to Italy to work for a couple of years and you are letting it out, you must get the insurance changed.

You might also find that your insurance company is not interested in insuring the property when it is rented out (even if you have been living there and you are moving out for a year or so for work reasons). For many years many insurers did not want to take on this type of business, particularly when a property could be empty for periods when it was not let.

A couple of companies in the UK get involved in this as they saw it was a real problem for property owners and although the UK buy - to -let business has really grown since the 90's before that there were many investors in residential property either owning "long term protected lets" and after the introduction of the Protected Shorthold Tenancy from the 1980 Housing Act, similar types of properties as today were then being bought and let out.

In the early 1990's Thomas Winter Insurance Brokers arranged a new product Homesure that was later to become Letsure with the merger of Winter Richmond and then came along a competitor Homelet. Homelet and Endsleigh are now two of the major companies involved in the UK rental property insurance market. There are others as well like Devon Direct, Rentshield Direct and Simple

If something goes wrong with the property, failure to insure could leave the owner with nothing to show for the money that has been invested.

Insurance premium will vary from area to area in the UK. Your post code can effect the premium you pay. You will pay more in areas will be in area that has higher crime statistics, or where a property is located in an area that is liable to flooding for example.

There is not a lot you can do about this as your rental return might just be just the same as in a property 5 miles away that is in a different postcode. One note of consolation is that subject to the Inland Revenue's agreement, you can deduct insurance expenses from the profit you make on a letting, so a higher premium will mean you can deduct a higher expense.

Level of Cover: Insurers will only pay as much as the building is insured for so if it is not sufficiently covered and the roof suffers storm damage you could end up paying a lot yourself. You will often have to pay an excess on a claim, but the amount depends on the policy purchased.

A lot of insurance companies will offer index link policies, but for a buildings policy it is most important to have the right cover from the start. You will normally have to provide the square footage and other details. What the building is constructed of, type of roof, number of storeys etc. Many insurance companies have major concerns over wooden structures.

Some companies now offer a low cost buildings policy that will also cover loss of rent and re-letting costs following insured damage. It can be worth while looking at alternative policies.

Internally for contents is often more simplified? A quick check through a retailer's catalogue or on the web will give you an indication of price for furniture and fittings and if you have recently purchased equipment for the property you should have kept the receipts (you should have them for your Tax Return anyway). Always make sure you have adequate contents cover.

A point often overlooked by Landlords is that they think why do I need contents insurance? The property is being let unfurnished. That might be the case; you however are most likely providing carpets, curtains, kitchen appliances etc. What happens if the ceiling collapses as a result of a burst pipe? The buildings insurance will normally pay for the repairs decoration….but not for replacing the carpets and soiled curtains. To overcome this problem, specialist rental insurers have introduced limited contents cover now.

Some companies now offer a low cost buildings policy that will also cover loss of rent and re-letting costs following insured damage.

Legal Expenses - Tenant won't pay the rent - Tenant needs evicting. Even when using a professional letting agent, problems with tenants can occur. They might have had first class credit and employers references at the tenancy start, however in many cases the tenants personal circumstances have changed during the term of the tenancy. 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 costs like solicitors/barristers fees, Court and bailiffs' costs can be expensive. It can cost £100 for 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. Legal expenses insurance will usually cover all of your legal costs. The average policy in 2005 costs £100.

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%.

Emergency Assistance Insurance - So something goes wrong - Failure of the electricity supply - Failure of the cooking facilities - Lost keys - Plumbing problems - Leaking roofs or guttering - Security of doors and windows. This type of cover will provide assistance for the landlord and the tenant in the event of an emergency at the property Policies will normally provide parts and labour cover up to a specified amount and either the landlord or the tenant can call a 24hr 365 day Helpline.

The Financial Service Authority (FSA) regulates British insurers. Their policies now must provide a policy summary or Key Facts for any available insurance they offer. They also have to state this on their documentation and web sites. UK web agents cannot now necessarily give advice on the phone or by email unless they are authorised to do this.

©Philip Suter jml Property Services November 2005

New to letting or renting? Take a look at our landlords advice guide

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For more information on Landlord Insurance click on their logos

Homelet

Endsleigh

Letsure

Rentguard

Devon Direct

Rentshield Direct

Simple

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EPCs Energy Performance Certificates for rental property in England and Wales started 1st October 2008...more information here at our property site...... and from the end of December 2008 in Northern Ireland more information here and from the 4th January 2009 in Scotland more information here

Building Energy Rating - Certificates in Ireland (BER) for all lettings and property sales from the January 2009.. more information here at our property site....

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Tenants insurance Tenant Rental Insurance Providers HomeLet Endsleigh Letsure Rentguard Rentshield Direct - HERE

Face the facts..... Did you know that domestic burglary accounts for 8% of all recorded crime in the UK? Are you covered in the event of a burglary?

Most tenancy agreements state that it is the tenants responsibility for any damage to their landlords property. Are you covered?

Over 100,000 bicycles are stolen every year. Thieves love them because they can be sold easily and anonymously. Are you covered?

Is your laptop insured?

The average cost of a student burglary is £900. The most commonly stolen items are personal laptops / computers and other electrical goods. Are you covered?

Is your Landlord going to keep your deposit? Are you covered?

If you are renting a property the insurance that the owner has will probably not cover your own belongings. You should take out your own contents insurance.

Tenants Contents Insurance

Tenants very often overlook this, especially those who have never rented before. To a tenant who has just 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 on the appropriate insurance company logos on this page.

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

New to letting or renting? Take a look at our tenants advice guide

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Irish Property Insurance

Holiday Homes, car hire excess insurance and more

Find out more Here

The Recession Proof Pet - October 2008

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See Insurance Companies for General Information on Insurance companies

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Overseas Property Insurance

Click for Landlords Household Quotes

Landlord - Tenant- UK Holiday Home Insurance

UK main residence Property Insurance

Click for Tenants Contents Quotes

Overseas Property Insurance

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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.. 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. All dealing must be with the insurance company that you will have accessed via a link from this website. 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.

jml Property Services is a trading name of Jeffrey Milner Ltd - PO Box 80 - Princes Risborough - Buckinghamshire - HP27 0WA - England - Established 1979

jml Property Services are members of the National Landlords Association NLA in the UK and Riviera Business Club RBC in the Côte d'Azur France 

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