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HomeLet
to launch innovative new insurance policy product available via jml insurance
Released 1st
December 2009 Summary:
Lettings
insurance specialist HomeLet
has developed a brand new insurance product which will strengthen the company's
position as the UK's principal provider of referencing, Rent Guarantee and insurance
solutions to the lettings industry. In
addition the new policy covers loss of rent or re-letting costs following a claim,
so if something serious happens and the tenant needs to move out, lost rent is
covered for up to two years (or £50,000) so the landlord can still pay his mortgage
or meet other financial commitments. The
introduction of this latest product follows the launch of HomeLet's hugely successful
Tenant's Contents Insurance + policy. Since the introduction of this new policy
sales of tenant's contents insurance have more than doubled in 2009 - an increase
of 121%. Managing
Director John Boyle is anticipating Landlord's Insurance+ will have the same effect. "Landlords,
particularly in today's economy when unemployment and crime are both on the increase,
are exposed to more risks than ever before. There's a real need for a specialist
insurance policy that covers landlords against the potential risk that they face.
HomeLet's Landlord's Insurance+ is our most comprehensive and competitively priced
landlord's product to date." He
continued: "It's unlike anything else currently available on the market. One of
the many benefits for example is automatic cover for kitchen fixtures and fittings
and bathroom sanitaryware in leasehold properties within the contents section
of cover." Unfortunately
many landlords currently don't have adequate protection or don't have specialist
landlord's insurance at all and are under the impression that a standard insurance
policy will provide them with the cover they need.
In reality the risks associated with let properties are significantly different
to owner-occupied properties. For instance, if a tenant or an employee injured
themselves in a landlord's property and the landlord was found to be negligent,
he could be facing a very hefty fine which his standard buildings insurance policy
may not cover. However,
HomeLet's Landlord's Building Insurance protects landlords, tenants and employees
such as cleaners or gardeners with £5 million property owner's liability and £10
million employer's liability. John
added: "When it comes to taking risk out of property rental, HomeLet is the specialist.
We've been in the industry since the birth of buy-to-let, which means we have
more experience than anyone else. We've used our specialist knowledge of the residential
lettings industry to develop some of the most comprehensive and cost-effective
products on the market today which is why we're number one." Philip
Suter of jml-property-insurance said "We have been a HomeLet agent
since 2002 and are delighted to hear the news of this new product." "It
is so important that landlords make sure their properties are properly protected
in This new HomeLet landlord insurance product will be easy to arrange on line
via a link from the jml-property-insurance.co.uk website" www.jml-property-insurance.co.uk.
HomeLet's
new product is available through its network of approved letting agents. HomeLet
is the UK's largest tenant referencing, Rent Guarantee and specialist insurance
provider for the lettings industry and has around 4,000 approved letting agents
nationwide. HomeLet pays out an average £3m in Rent Guarantee claims every year.
HomeLet is proud to announce it is a main sponsor of the Estate Agent and Letting
Agent of the Year Awards 2010. HomeLet
is a trading name of Barbon Insurance Group Limited which is authorised and regulated
by the Financial Services Authority. Registered in England number 3135797. Registered
office address: 4-9 Highview, High Street, Bordon, Hampshire GU35 0AX. Ends... Company
Information jml-property-Insurance.co.uk
is part of jml
Property Services, the trading name of Jeffrey
Milner Ltd. The company is an UK based
company that was established in 1979. jml insurance acts as an introducer for
insurance companies selling property insurance including landlord and tenant rental
products, pet insurance like Animal Friends Insurance, wedding insurance, motor
insurance, car hire excess insurance, travel insurance and non standard insurance
products. They also operate jmlvillas.com
an online marketing service for owners of holiday home property to advertise and
are part of the jml
Group that includes jml
Training and Consultancy. ©
jml Property Services December 2009
Looking
for Landlord Rental Insurance? Click on logo 
See
also
HomeLet
(Group) Press Information: HomeLet
Insurance launch new forum for letting agents - June 2010 HomeLet
and Martin & Co offer new cover for Landlords - June 2010
There
are a record breaking number of renewals for Martin & Co - June 2010
HomeLet
sponsors Bloom Apprenticeship Academy for Estate and Letting Agents - June 2010 Do
landlords really need specialist insurance? - June 2010 Rent
Guarantee claim a landlord's experience - June 2010 HomeLet
Insurance update - June 2010 The
Letting Agent of the Year Awards - June 2010 Grant
Shapps appointed as new Housing Minister - May 2010 Nationwide
Building Society announces New Mortgage Deals and John Boyle of HomeLet insurance
says New Buy-To-let deal is good news for Landlords - May 2010 Pinkerton
Murray Strikes Gold - May 2010
Students to get Extra Protection from Crime via HomeLet
Insurance - May 2010
Rising
Rents Pose Potential Risk for Landlords in the UK - April 2010 HomeLet
insurance run for charirty - March 2010 HomeLet
Launches £500 Prize Draw for Landlords - March 2010 Rental
Increases could see a reversal of Fortune says HomeLet Managing Director - March
2010 HomeLet
offers More Benefits for Premier Customers - March 2010 Agents
Positive about the Future of Lettings - February 2010 Cold
Snap Could Prove Costly for Landlords says HomeLet Insurance - January 2010 HomeLet
Launch New Range of Landlord's Insurance - December 2009 HomeLet
Insurance offers service guarantee to Letsense Agents - December 2009
HomeLet
to launch innovative new insurance policy product - December 2009 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 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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to jml insurance Press Releases See
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Industry Press Releases -2008 Insurance
Industry Press Releases 2001 -2007 Independent
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