Sunday, 11 January 2009

Landlords may have bought a bargain in the sales, but make sure they’re covered with their insurance

A sofa in a landlord’s propery gets damaged. They have to use their own money to replace it while the insurance is sorted, and then they only get one third of the value back. It doesn’t have to be this way according to HomeLet .

Apprarently if you have Landlord’s Full Contents insurance cover from HomeLet they give the landlord new for old cover. This means that there’s no need for them to make up the cost of new furnishings from their own pocket and can continue searching for bagains in the January sales.

They will also cover a Landlord for loss of rent, re-letting and repair costs If something serious like a flood happened they will cover the cost of the repairs and also cover the Landord for the loss of rent and re-letting costs for up to 30% of the amount they’re insured for.

Although most properties are letting quickly, sometimes there are gaps in between tenancies. The HomeLet people will cover them when the property’s empty and for up to 90 days, in between tenancies, with no restrictions!

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