Online tenant referencing and rent guarantee company SourceLet has launched a comprehensive new property insurance offering for landlords called Sentinel Landlord.
The new Sentinel product provides buildings cover up to £2 million and contents cover up to £50,000. Cover can be accepted on referral for properties that will be unoccupied for up to 60 days from inception, and properties whereby minimal works are taking place from inception.
Another element of cover is that blocks of flats can be covered if cover is requested for the whole building providing that more than half of the properties in the block are let out. Many other insurers require all flats in a block to be rented out.
In addition, some non-standard properties and flat roofed properties will be considered on referral together with certain listed buildings.
SourceLet proposition manager Martin Gwynne said: “There are a lot of different options for landlords out in the marketplace but those with requirements that fall outside the norm can find it difficult to get the right level of cover. We’ve spent time talking to the market and know that getting cover if the property is not going to be occupied straight away or if some maintenance work is taking place is a real problem. The launch of our Sentinel product solves that problem and gives landlords fresh new choice and a host of options if their needs are a little different.”
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