Tag Archives: rent guarantee

Landlords Rent Guarantee Insurance

March 2, 2012


Non-payment of rent is a serious and unfortunately common issue for many landlords. However, help is at hand in the form of an insurance policy that can protect you from this sort of disaster.

What is Rent Guarantee Insurance?

If you are worried that your tenant may not pay the rent then landlords rent guarantee insurance is what you need, covering up to £2500 per calendar month on missed rent payments.

Landlords legal expenses insurance is part of this policy because you may well find yourself in dispute with the tenant in court. The rent guarantee insurance simply goes a step further to ensure you maintain your income during the dispute.

Whatever the risk and whatever your needs for let property insurance, CIA Insurance can cover all your landlords rent guarantee insurance needs at competitive rates, over six or 12 months.

Continue reading...

ARLA offering and insight into the buy-to-let property market.

November 26, 2011


The ARLA have offered an insight into the current buy-to-let property market.

Ian Potter, operations manager at the ARLA (association of residential letting agents) has offered property owners and landlords information on this sector.

One of the necessities is to invest in a rent guarantee insurance policy as landlords were advised that it is difficult to see where rental prices will go in the future.

Mr Potter spoke about the recent rise in the rental property market, blaming a lack of social housing, he said: “It is because there is a shortage of social housing, there are a lot of people who don’t have the confidence to buy and there are a lot of people who can’t afford to buy”.



Source- Stride.co.uk

Continue reading...

Landlords- How to protect yourselves against the economic downturn

November 22, 2011


if people lose their jobs or the rent is too high to pay this could send them into rental arrears and not paying their landlord anything

As reported in the media the economy seems to be taking yet another tumble around Europe, the UK unfortunately being one of the countries getting hit.

With this there seems to be a domino effect of situations happening, companies are not making much money so wages have remained the same so people are now afraid to spend and are not boosting the economy at all.

Mortgages are a struggle to get for first-time buyers as deposits are too high. So people, at the moment, are resorting to private renting which has seen a massive boom recently.

The domino effect carries on here, if people lose their jobs or the rent is too high to pay this could send them into rental arrears and not paying their landlord anything. This then has an effect on the landlords income sending them down too.

Providing a Landlords rent guarantee insurance could prevent loss of income for landlords. With CIA Insurance landlords legal expenses insurance is also included on the policy protecting landlords just incase a dispute gets taken to court.

Getting covered for up to £2500 per calendar month would hopefully give landlords peace of mind in this economic down turn.

Continue reading...

Landlord insurance- Make sure you are protected with student tenants!

September 29, 2011


University students take their places and also need somewhere to live!

We have now come to that time of the year where a new bunch of fresh-faced students have got their university places and are now looking for somewhere to live. For landlords this can be a great time to provide students with accommodation, but insurance companies have warned landlords to be protected with the correct landlord insurance cover.

Students, university ones in particular, have a bit of a reputation when it comes to being untidy and parting a bit too much! This could risk damage to any furniture and carpets that don’t belong to them. Unfortunately this means that students are under a high risk category meaning that any landlord who rents out a property to them face paying higher premiums.

Some landlord insurance providers have products such as rent guarantee cover to protect you from unpaid rent and legal protection cover for if you have any legal disputed from evicting tenants, tax disputes and more are included! Making sure you have the right policy is key and will give you peace of mind because you are always protected.

If you are a landlords wanting a policy for student tenants give CIA Insurance a call and they will find the best policy to suit your needs.

Contact information for CIA

Telephone – 0844 88 88 323

Email – info@cia-insurance.co.uk

Fax – 0844 88 89 002

Continue reading...