News from the Residential Property Investor, the bi-monthly magazine for RLA members other artilces from the August / September 2001 issue RPI news archive

Independent insurance advice - August / September 2001

Recent collapse of Independent Insurance Company may have left some landlords in the lurch, RLA chairman Martin Moylan has warned.

With fewer and fewer companies keen to insure rented property, and many domestic policies unsuitable for landlords, finding replacement cover may cause a headache.

A realistic option would be to join the RLA and gain access to its members' insurance policy, said Moylan. 'Landlords taking the policy have often saved more on insurance than the cost of membership and effectively received membership benefits for free'.

The RLA policy does not differentiate between types of tenants or the postcode of the property. Policy-holders gain up to 90 days of un-occupancy cover and 30 per cent of the sum of the building insured in loss of rent.

'Basically this is a policy designed by landlords for landlords. It offers a choice of excesses', said Moylan.
 

other artilces from the August / September 2001 issue

• Getting off benefits
• Byers 'entices' investors with HB conditions
• Dispersal policy driven by 'cheap accommodation'
• Void calculation held to be void
• Stormy times for policy holders
• Security bye-law considered
• Independent insurance advice
• Mixed messages on house prices
• In brief