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HomeLet
- Demand for insurance product for Tenant's contents insurance Doubles Thursday,
October 29, 2009 Thanks
to the launch of its new Tenants Contents Insurance + product and increased demand,
HomeLet
has managed to double the number of policies sold in just six months. What's
more, since 2006 HomeLet has referenced over 1 million tenants, proving it is
still the market-leading provider of specialist insurance products and services
to the UK lettings industry. In
September 2009 HomeLet sold over double the amount of tenants contents insurance
policies when compared to January 2009, with an increase of 121 per cent. This
increase indicates that tenants, who have tended to overlook buying tenants contents
insurance in the past, are seeing renting as a more long-term commitment rather
than a temporary stop gap. Since
the onset of the recession and the resulting increase in the cost of living and
rise in unemployment, the number of burglaries has also gone up. Tenants, who
are feeling the pinch along with everyone else, have become more aware of the
value of their possessions and the cost of replacing them. In
June HomeLet
launched Tenants Contents Insurance + which is designed specifically
to protect tenants against the potential risks of renting a property.
As well as being competitively priced, the new product still provides specialist
cover that protects the tenant's deposit by providing cover for accidental damage
to the landlord's contents, building, fixtures and fittings up to the value of
£2,500. Tenants
Contents Insurance + also covers the policyholder and two additional tenants who
are named on the tenancy agreement, as long as they're employed, self employed
or retired. This means that one policy can cover three tenants saving money and
making it ideal for sharers.
HomeLet's Managing Director John Boyle said: "HomeLet has been providing tenants
contents insurance for over a decade and we're constantly improving the products
that we provide to our customers to ensure that we stay ahead of the market. . "We
are delighted to have achieved a 121 per cent increase between January and September
2009 and this is testament to our commitment to providing comprehensive cover
at competitive prices." Source:
www.homeletuk.com 
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Further
information about Barbon Insurance Group See
also HomeLet (Group) Press Information: Demand
for HomeLet insurance doubles - October 2009 HomeLet
releases a new Tenant's contents insurance product available via jml insurance
- HomeLet rental insurance have cut the cost of tenants insurance from the 19th
June 09 with a new policy that is available via jml insurance - June 2009 Barbon
Insurance has acquired Zennor Ltd - April 2009 Tenants
should Insure against recession related crime - February 2009 Barbon
Insurance Appoints New Directors - Compliance - IT - Finance - February 2009 New
Managing Director for Letsure- Barbon Insurance Group has announced the appointment
of Ian Fraser as Managing Director - January 2009
New
Chief Executive for Barbon Insurance - September 2008 Barbon
Insurance Reveals Latest Financial Results - September 2008 EIS
Completes Rebranding Exercise to Become Barbon Insurance Limited -August 2008 jml
Insurance are very pleased that HomeLet and Letsure are now under the Barbon Insurance
Group umbrella - August 2008 Martin
& Co announces three year deal with HomeLet - July 2008 HomeLet
staff gain promotions - June 2008 New
Customer relations manager for EIS Insurance Solutions - June 2008 EIS
sale completed - New and stable long term ownership - April 2008
EIS
separates from Erinaceous Group - New and stable ownership - April 2008 Erinaceous
placed in administration - April 2008 jml
Insurance will now be introducing Homelet Landlord & Tenant insurance instead
of Letsure - March 2008 Erinaceous
puts insurance division up for sale - January - February 2008 Brian
Turney has left Lumley Letsure - June 2007 Erinaceous
Group Plc Opens Property Management Office in Dublin, Ireland - May 2007 HomeLet
IPEX -Landlords set for buy-to-let revolution as new scheme launched - March 2007 HomeLet
Rental insurance launch Portfolio Insurance from 10th July 2006 in the UK Letsure
has a new Glasgow offices December 2005 HomeLet
launches new low cost option landlord’s protection - July 2003
Also:
HomeLet Landlord & Tenant Insurance Sponsors Negotiator Award The 2008 awards
from The Negotiator Magazine took place at the London Hilton on the 11th November
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