Tag Archives: dss

Nightmare tenants? Is landlord insurance worth it?

November 24, 2011

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Imagine being left in this situation – Your tenant loses their job, they have no income therefore no rent coming your way. This tenant has a six month short – hold tenancy agreement but they have now given you one weeks notice of them leaving.

The tenant has left the property with rental arrears leaving you out-of-pocket and they have also left the property in an awful state where furnishings and fixtures/fittings need fixing or replacing.

Of course having landlords insurance is worth it! This will protect you from situations like the one above and hopefully not leave you with any debts from nightmare tenants.

There are plenty of insurance policies to help you, from rent guarantee to protection with different tenant types (DSS, professional working and asylum seeker). It may not cost as much as you think so it is definitely worth looking into.

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How important is landlord insurance?

November 4, 2011

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With there being so many steps to take and do many laws and rules to abide to it can be stressful and time consuming becoming a landlord.

Times are tough at the moment and more people can only afford to rent properties now and are not buying. With that, buy-to-let mortgages are becoming more popular with landlords over the last year. With there being so many steps to take and do many laws and rules to abide to it can be stressful and time consuming becoming a landlord.

One out of many of the rules you should follow is to keep your property well maintained, get your gas appliances checked by a qualified gas safe registered professional.

With the Olympics coming up next year, many people in the UK are taking advantage of the rental market and are renting properties for a short period of time, these landlords must also make sure they take the nessessary precautions to make the let term run smoothly.

The demand for rental property at the moment in the UK is extremly high, with more and more people struggling to get their feet onto the property ladder. Research that was carried out recently has found that more than 4 out of 10 landlords experienced a tenant demand in the three months up to August 2011. Landlords are expecting the rental market demand to rise with 49% expecting this.

So do you need landlord insurance? This is very important to think about, with the amount of things that could go wrong and the problems that may arise we would advise your to be covered for any possibility!

The type of insurance you get may also depend on the type of property you have. Terraced houses have been the most popular recently followed by flats and then bungalows.

Landlord insurance can be used on one property, or if you have a multi property portfolio it can cover all of these. You can also have different tenant types ranging from DSS to Asylum Seekers but this will make a difference to your premium.

The type of insurance you get may also depend on the type of property you have. Terraced houses have been the most popular recently followed by flats and then bungalows.

With a wide range of cover out there it is important to pick the right one for you. Landlord insurance could cover you if your property becomes damaged in anyway and you need financial cover for any outcome.

Consider all of your options, anything could go wrong while renting out a property, make sure you are covered and have the correct landlord insurance policy.
We hope you found this information useful. Please remember to use CIA Insurance when you or your family and friends need motorcycle insurance, landlords insurance or commercial insurance.

 

Source – fulham chronicle

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CIA Insurance- Tenant type- Asylum seeker tenants

November 2, 2011

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Asylum Seeker Tenants

As a landlord you may be offered asylum seekers, who will occupy the property whilst awaiting permanent settlement arrangements.

It can be more difficult to find cost-effective landlords insurance cover if you have asylum seekers in your property and this is where CIA Insurance can help.

We specialise in insurance for asylum seeker tenants and with a panel of leading insurers behind us we can offer great rates covering all the basics such as landlords buildings insurance,landlords contents insurance and public liability risks.

We can also offer standard accidental damage cover and insurance for houses in multiple occupation (HMO).

We have lower excesses than many other insurers, so give us a try.

We hope you found this information useful. Please remember to use CIA Insurance when you or your family and friends need motorcycle insurance, landlords insurance or commercial insurance.

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CIA- Tenant types- DSS tenants

November 2, 2011

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Landlords Insurance for DSS Tenants

There is a wealth of properties available to rent these days, so landlords may be required to be more flexible as to who they let their property to.

As a landlord you may be offered Department of Social Services tenants, a type of tenant that doesn’t enjoy the greatest of reputations. In fact, many landlords refuse to house DSS tenants because of the increased complexities involved in receiving payments and because, due to a minority of tenants, they can be considered to be ‘difficult’ tenants.

However, an important point to remember is that landlords insurance for DSS tenants is available, which can cover (in amongst many other things) late or missed payments.

CIA DSS Tenants Insurance Cover

Given the potential problems that DSS tenants can pose for landlords and the fact that they are considered to be higher risk because they tend to spend more time at the property, it can be more difficult to obtain a let property insurance quote. This is where we can help.

CIA Insurance specialises in insurance for DSS tenants and with a panel of leading insurers behind us we can offer low excesses and great rates covering all of the basics such as landlords buildings insurancelandlords contents insurancerent guarantee and public liability risks.

We can also offer full accidental damage cover and insurance for houses in multiple occupation (HMO).

 

 

We hope you found this information useful. Please remember to use CIA Insurance when you or your family and friends need motorcycle insurance, landlords insurance or commercial insurance.

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CIA Insurance- Tenant types- Professional tenants

November 2, 2011

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Professional Tenants Insurance

Professional tenants are preferred by many landlords because they can often pay higher rents and tend to be considered safer with keeping up with rent payments than, for instance, DSS tenants because of their regular income.

Despite this reputation, it is important that you carefully protect your buy to let property with adequate insurance because you can never predict what will happen.

CIA Landlords Insurance

With a leading panel of insurers behind us, CIA Insurance is able to offer great rates on landlords insurance cover, so call us today or click on “Get a quote” or “We’ll call you back” and let us help you save money on your let property insurance.

Other Tenant Types Covered

As well as cover for professional tenants, CIA Insurance also offers DSS tenants insurance andasylum seekers insurance.

 

We hope you found this information useful. Please remember to use CIA Insurance when you or your family and friends need motorcycle insurance, landlords insurance or commercial insurance.

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CIA Insurance- Tenant Types

November 2, 2011

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Types of tenants – professional, unoccupied, student lets, asylum seekers, and DSS

There is only one thing worse than having no tenants to a landlord and that’s having non-professional tenants that are difficult to insure. With CIA Insurance’s help though, there is no such thing as difficult to insure, you can get cover for just about anyone, from professional to DSS. You can even ensure you are covered during dreaded unoccupied periods.

With a changing population, the effects of immigration and housing executive demands, it is likely that many landlords will be offered non-professional tenants at some stage. Thanks to CIA Insurance you can now say yes to this group and ensure your buy to let property is empty for a minimum of time. CIA Insurance can provide insurance cover for professionals, students, asylum seekers and DSS tenancies.

Certain tenants are more desirable than others and CIA Insurance understands all the risks involved and can cater for them accordingly giving the landlord peace of mind no matter what happens.

 

We hope you found this information useful. Please remember to use CIA Insurance when you or your family and friends need motorcycle insurance, landlords insurance or commercial insurance.

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CIA Buildings and Contents insurance

October 18, 2011

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CIA Insurance- Experts in insurance

Landlords Buildings Insurance

If you have a buy to let property then you will need landlords buildings insurance to cover against the unexpected and CIA Insurance has the best cover available at competitive prices.

CIA Landlord Building Insurance Cover

CIA Insurance understands that landlord buildings insurance is vital for any buy to let property – in most cases it is a stipulation of the offer of a buy to let mortgage that it must be in place. It can be difficult to find low cost cover though because let properties are considered to be higher risk because the owner doesn’t live on the premises.

This is where CIA Insurance can help, because we can cover a huge range of rental properties at competitive rates. We even cover a range of tenants including professionalsDSS and asylum seekers.

Every sort of property can be covered with landlords buildings insurance; whether it is detached, semi, a block of flats, flat or apartment – all constructions can be insured. Commercial let property is also covered.

We also offer landlords contents insurance or combined landlords buildings and contents insurance.

To get a quote call one of our team today on 0844 88 88 323

You can also go to our website at www.cia-landlords.co.uk and click ‘get a quote’ or ‘we’ll call you back’ to find out how we can save you money on your landlords property insurance. Don’t forget, CIA Insurance guarantees to beat any quote.

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