Landlord insurance recommended to help protect investments in the UK

Landlord Insurance

Property owners who are renting out have been advised to make sure they have coverage against floods. Experts in the landlord insurance sector of the industry are reminding the owners of rented properties in the United Kingdom about the importance of protecting their investment, particularly against perils such as flooding, which have become an increasing problem over the last few years. They are reminding these owners that a policy could make the difference between the life and death of their investments. Flooding is already becoming a growing issue in the…

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The Average Monthly Cost of Renters Insurance

Renters Insurance

If you are a tenant, it is imperative that you invest in renters insurance  to protect your personal property. While the landlord does carry insurance  to cover the property, renters insurance is designed to cover potential claims that can affect you as a tenant. Personal property, loss of use, and liability coverage are the most common coverage options offered by a renter’s insurance contract. If you understand what these specialized property insurance contracts cover and how much you can expect to pay for coverage, you will get peace of mind…

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Renters insurance customers can risk losing coverage

Renters Insurance

Tenants who sublet their space may not be permitted in their policies. The growing number of people who are leasing apartments and are holding off buying homes has also increased the number of renters insurance policyholders that are risking their coverage by taking actions that are not allowed by the terms of their policies. Subletting is a common activity but is not one that is typically allowed in a policy. According to the statistics collected by a commercial real estate firm, Reis Inc., the average cost of rent in the…

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North Carolina Insurance Commissioner announces lower rates for rental properties

North Carolina property owners got some good news this past week as Insurance Commissioner Wayne Goodwin announced that rates on some properties would drop by an average of 7.3%. The Commissioner also rejected a rate increase proposal from the North Carolina Rate Bureau, which would have raised rates on dwelling extended coverage by 36%. The lower rates will take effect on January 12, 2012, and will affect some 400,000 policies throughout the state. The lower rates will not apply to a homeowner’s primary residence, however, as the rates are meant…

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Ohio landlords to benefit from savings in the new Foremost Insurance platinum package

Foremost Insurance Group has announced that landlords in Ohio that purchase their new Platinum Package will be able to benefit from customized discounts. The Insurer has enhanced its Ohio Dwelling Fire program so that its customers can take advantage of an opportunity to build their own package or choose the Landlord Platinum Package that has been pre-assembled for them. The Platinum Package is, according to Foremost, offering a discount to landlords in that state. The zone executive director for the insurer, Andy Thomas, said that they are excited about the…

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Helpful winter savings tips that landlords can use to protect their investments

Landlords who are renting out properties can follow a number of tips to more effectively save their money by protecting their investments and themselves throughout the winter months. This is especially applicable to those owning buildings or homes in the state where there are high real estate prices. Harsh winters can lead to a number of increased risks through increases in fire hazards and complications with snow removal efforts. Many landlords in the state are forced to lean on their property insurance for financial protection against accidents that can be…

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Wells Fargo launches new insurance program targeting low-income families

Wells Fargo has partnered with the National Affordable Housing Management Association to launch a new line of insurance that seeks to meet the needs of those looking for affordable housing options. The Multifamily Affordable Housing Insurance Program aims to placate the risks associated with certain development projects that can keep families from finding appropriate housing. The program is comprised of a number of insurance providers, Wells Fargo included, to help mitigate these risks. The program will make use of a federal subsidy, which will be applied to low-income families to…

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