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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: 
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ON LINE FOR YOUR PROPERTY INSURANCE in 2010 (and more) NOW....
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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. __________________________________________________________________
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 -
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Landlord Tenant Commercial Owner Occupier Insurance
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& UK main residence Property insurance
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Money Centre buy to let mortgages
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Insurance
products - Landlords
Emergency Assistance Insurance - Lifestyle Excess insurance -
Intasure UK main residence Property Insurance
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License Insurance -Car Hire Insurance
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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: __________________________________________________________________ 
IS YOUR HOLIDAY RENTAL INSURED? -
More Here
See
also: Security Tips for Property Owners Top
of page __________________________________________________________________
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Quotezone
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 Information
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make all your own dealings direct with the individual insurance provider Top
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Caught
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Thought
about taking out insurance?  Top
of page __________________________________________________________________ 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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Property Insurance Press Releases....Here Top
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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
__________________________________________________________________
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 Top
of page
For more information on Landlord
Insurance click on their logos Homelet
Endsleigh
Letsure
 Rentguard
 Devon
Direct 
Rentshield Direct  Simple
 XX
__________________________________________________________________
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....
Top
of page ___________________________________ _______________________________
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 Top
of page ___________________________________ _______________________________
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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