Uinsure has also built in an optional Landlords Legal Protection Cover with a legal helpline available 24 hours a day, every day of the year and £25k per annum legal expenses for things such as damage by tenants, eviction of squatters and repossession of let property.
The Landlord’s Building and Contents Cover also comes with a free Landlords Tax Advice Service, a Landlords Home Emergency Cover and a unique optional Rent Arrears Cover for only £1.35 per hundred pounds of rent.
This comes at a time when Uinsure is experiencing an increase in the demand for landlords cover as the buy to let market appears to undergoing something of a resurgence.
The need for such cover was highlighted last month when an amateur landlady let a property to someone who illegally sublet it to his business partner; the business partner didn’t pay any rent and refused to vacate the property. It cost the landlady £50,000 and took 15 months to evict the tenant. The police were unable to help as the illegal tenant claimed squatters rights.
Simon Taylor, chief executive of Uinsure says:
“With the growing number of amateur or unintended landlords cases of problem tenants are likely to become ever more common, but there is no reason for it to be a costly experience for buy to let owners as the cover is there to protect them.
“Such cover also gives advisers the perfect reason to get back in touch with their clients, not only to look at their insurance needs but to review what’s happened since they last spoke and look at their wider financial requirements.”
