Homelet (Barbon Insurance)
Hi - I have just let a property through haart of Chelmsford. Wow they were good. They also arranged insurance against non-payment for 3%. However, the policy is in haart's name with me as an interested party. Does anyone have a view on this? It takes control away from me and I'm a tad concerned about the following clause:
"Your letting agentís policy, which you have an "Interest In", will not cover any claim where
there is an insufficient prospect of success. This decision will be made by the claims
provider, or, if deemed necessary, an external legal advisor." I don't like that!!
Any bad / good experiences out there and anyone know why they arrange the policy in this way?
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