jml Property enhances rent guarantee offering
jml Property Insurance has added Simple Rent Guarantee Insurance to its offering.
The online intermediary has recently launched a specialist “Rent Guarantee” section on its website, in response to landlords’ growing concerns over arrears.
HomeLet, Letsure, Endsleigh and Rentguard already appeared on the site which now also contains Simple Insurance’s offering.
The new policy covers up to £15,000 for rent arrears (up to £2,500 per month) and up to £10,000 for legal expenses.
Six or twelve month contracts are available, starting from £45 per month including IPT.
In related news, Landlord Assist has recently warned that buy-to-let conditions will remain difficult for landlords in 2010.
With no sign of the economic downturn lifting, the firm believes arrears will become a major issue in the months ahead, with uncertainty over interest rates adding to landlords’ anxieties.
Furthermore, recent research from the National Landlords’ Association indicates that almost three quarters of private residential landlords have experienced rent arrears, with 43% of this group reporting arrears being incurred in the last 12 months.
Category: Business Insurance News, Companies News, Insurance News
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