Making sure your investment is protected and secure is an important consideration. Where we have strict possesses in place to reduce your risk, unfortunately sometimes the worst does happen. However rare it might be that you have a house fire or the tenant stops paying their rent – if it did happen it could cost you a lot of money.
Belvoir Bournemouth work closely with Let Alliance so that we can introduce our clients to some fantastic value protection and insurance products that are specialised for the Buy to Let market.
With our extensive tenant application and referencing checks – it is very unlikely you will have a tenant not paying rent. In fact through 2016 our rent arrears across all the properties we manage was below 1% which is testament to the level of pre-tenancy checks we complete. However for those few landlords who had rent arrears on their properties, this cost them most – if not all of their profits for the year. When you add to this potential costs of seeking a possession order, it is clear that if in the unlikely event things go wrong, it can cost thousands of pounds.
Our guaranteed rent product is unlike any other insurance product available. It’s different because it is us as an agent who take out the product and deliver it as a service to you. This means that should a tenant stop paying their rent, you get paid the rent monthly regardless, you never have to make a claim, and you would never have to appear in court! What’s more is we would pay you the rent up until the date when we get the property back for you. For a small upfront fee, you are protecting yourself from thousands of pounds of missed rent and court proceedings.
Highlights of the product include;
- Nil excess to pay
- Rent payable until vacant possession obtained
- Total claims limit of up to £50,000
- No need to claim or attend court
We also have a Tenant Evict product which covers the costs for obtaining possession of the property but does not include rent arrears.
Let Alliance can offer a tailored insurance product that will precisely meet your requirements whether it is for one property or a whole portfolio.
Some of the key features of this product include;
- Up to £2 million Buildings sum insured
- Accidental damage included as standard – no charge
- Nil excess option available
- Legal liability cover up to £5 million
- Contents cover up to £50,000 insured
If you would like to discuss in detail how we can help protect your investment, please give us a call on; 01202 430108 or email us; firstname.lastname@example.org