Quotes

Staying put in a long term let is still a trend with 59% of renters staying for 5 or more years in the same property
Richard Burgess, Director, Cover4LetProperty
It is interesting that whether a tenant is allowed a pet has become has become a priority
Richard Burgess, Director at Cover4LetProperty
Hopefully this research will give landlords some ideas on where to focus their efforts when buying and running a let property
Richard Burgess, Director at Cover4LetProperty
Our latest study highlights that when it comes to rental properties, there has been a slight shift in priorities over the last 6 months, with the cost once again being the most important consideration for prospective renters
Richard Burgess, Director at Cover4LetProperty
We are warning landlords not to make insurance claims for small amounts – as the loss of NCD could see the cost of their cover rise by around 20%
Richard Burgess, Director at Cover4LetProperty
With our policies - and typically some of those offered by other providers too – a 20% NCD is automatically deducted from the cost of the annual premiums
Richard Burgess, Director at Cover4LetProperty
In the event a successful claim is made on a policy, however, then at renewal, the new cost will not include the no claims discount – meaning the premiums will appear to increase quite dramatically
Richard Burgess, Director at Cover4LetProperty
If you need to make a landlord insurance claim, contact your broker first for advice
Richard Burgess, Director at Cover4LetProperty
As a landlord, having a good tenant – i.e one who pays their rent on time and looks after the property - is a tenant you want to hang on to. In that vein, we wanted to find out why tenants in the PRS move, to see if the decision to remain or stay could be influenced by the landlord
Richard Burgess, Director at Cover4LetProperty
Our new infographic highlights all the reasons why tenants move, including their age band, income and gender
Richard Burgess, Director at Cover4LetProperty
Our research has revealed that over a quarter of the adult population (28%) are living in private or social rented property – this is a 16% decrease since May 2013
Richard Burgess, Director at Cover4LetProperty
The amount of renters has dropped by 16% since 2013 according to our study
Richard Burgess, Director at Cover4LetProperty
Nearly a quarter (24%) of Brits living at home do not pay rent
Richard Burgess, Director at Cover4LetProperty
This updated survey shows how the internet has taken over the grapevine when people are looking for a rental property – a true reflection of how much technology is part of our lives
Richard Burgess, Director at Cover4LetProperty
. It seems that blokes still tend to trust their mates more as opposed to their female counterparts, with a quarter of all male renters also using recommendations
Richard Burgess, Director at Cover4LetProperty
It is really interesting to see how property ownership and rental trends have changed over the last three years
Richard Burgess, Director at Cover4LetProperty
the biggest change is the number of people now aspiring to buy their own home, which to me suggests a renewed confidence in the economy
Richard Burgess, Director at Cover4LetProperty
Of course, there will always be a market for privately rented properties. As our data shows, at any one time, over three quarters of Brits live, or have lived, in a private rented property
Richard Burgess, Director at Cover4LetProperty
Our latest study highlights that when it comes to rental properties, there has been a slight shift in priorities over the last 6 months, with both the money and location equally important to prospective renters
Richard Burgess, Director at Cover4LetProperty
It is also interesting that ease of parking has become a priority over having a garden
Richard Burgess, Director at Cover4LetProperty
Hopefully this research will give landlords some ideas on where to focus their efforts when buying and running a let property
Richard Burgess, Director at Cover4LetProperty
While it is the responsibility of a landlord to ensure that the boiler is serviced annually - and an obligation under their landlord insurance policy - our research highlighted that one in ten tenants said their boiler was last serviced was over a year ago
Richard Burgess, Director at Cover4LetProperty
Our study also showed that just 17% of tenants were aware of the new legislation from April 2016 relating to energy performance ratings
Richard Burgess, Director at Cover4LetProperty
While we specialise in helping landlords with protecting their property portfolios, we urge them to understand the obligations relating to health and safety, as well as helping their tenants save money on their utility bills
Richard Burgess, Director at Cover4LetProperty
We have recently expanded our UK holiday home insurance portfolio to offer even more choice and increased benefits to our customers
Richard Burgess, Director at Cover4LetProperty
It seemed timely to produce a unique new guide to complement our existing directory of onsite guides
Richard Burgess, Director at Cover4LetProperty
We hope the information within it is useful for people thinking of investing in a UK holiday home
Richard Burgess, Director at Cover4LetProperty
Our study highlights that when it comes to rental properties, it really is still all about the money
Richard Burgess, Director at Cover4LetProperty
while the cost, location and whether the property has a garden remain the top three reasons for choosing a rental property, it is also interesting that getting on with the landlord is something that nearly a third of all renters find important.
Richard Burgess, Director at Cover4LetProperty
We decided to create a useful section of the website where owners of let properties can dip in and dip out to find the information required
Richard Burgess, Director at Cover4LetProperty
The section will be continually expanded with lots of useful guides in a bid to create a free informational hub for landlords
Richard Burgess, Director at Cover4LetProperty
While it is obvious that things like moving to another area or moving to save money would feature highly on the list, it was surprising so many private renters move due to bad neighbours
Richard Burgess, Director at Cover4LetProperty
And while 7% said they moved due to the property being in poor condition, it was refreshing to see that just 2% moved due to not getting on with their landlords
Richard Burgess, Director at Cover4LetProperty
Overall, this study proves that the stereotypical ‘bad’ landlord isn’t the real reason why tenants move – it is mainly due to circumstances outside of the landlords’ control
Richard Burgess, Director at Cover4LetProperty
Our study really proves that when it comes to rental properties, it really is all about location, location, location. It is also interesting that the décor and getting on with the landlord are important considerations as well as being able to have pets
Richard Burgess, Director at Cover4LetProperty
Hopefully this research will give landlords some food for thought on where to focus their efforts when choosing and running a let property
Richard Burgess, Director at Cover4LetProperty
Some policyholders may be unaware that there are certain conditions they need to meet as part of their empty property insurance contract
Richard Burgess, Director at Cover4LetProperty.co.uk
unoccupied property insurance holders should check the ‘exclusions’ section of their policy as well as the ‘conditions’ to ensure that they fully understand what their cover entails and what their obligations are
Richard Burgess, Director at Cover4LetProperty.co.uk
Failure to meet their obligations under their unoccupied property insurance cover could see a claim rejected
Richard Burgess, Director at Cover4LetProperty.co.uk
The infographic highlights what landlords need to look out for before accepting new tenants, as well as once the tenants are in
Richard Burgess, Director at Cover4LetProperty
While some insurers will consider a cultivation of cannabis claim under the malicious damage by tenant section, typically there will be limits, generally up to £5,000
Richard Burgess, Director at Cover4LetProperty
With our policies, a 20% NCD is automatically deducted from the cost of the annual premiums, providing cost-effective, affordable cover
Richard Burgess, Director, Cover4LetProperty
If a successful claim is made, then at renewal, the new cost will not include the no claims discount – meaning the premiums will appear to increase quite dramatically
Richard Burgess, Director, Cover4LetProperty
In cases where the owner-occupier or, in the case of a rented property, the tenant, has an extended absence from their property for a number of consecutive days, their existing buildings insurance may become invalid
Richard Burgess, Director at Cover4LetProperty
Note that when an insurer refers to a property as being “unoccupied” it means that no-one is living there - and not that the property is empty of furnishings and fittings
Richard Burgess, Director at Cover4LetProperty
Policyholders should also be aware that whether covered under their existing policy or a new unoccupied property insurance policy, they will have obligations that need to be met in order to keep the cover valid
Richard Burgess, Director at Cover4LetProperty
While there may be some very rare exceptions to the 30 or 45 consecutive day rule, in most cases, property owners will need to invest in additional protection for this period of un-occupancy
Richard Burgess, Director at Cover4LetProperty
Property owners need to be aware of the damage that trees and their roots can cause – often right under their nose without them realising it
Richard Burgess, Director at Cover4LetProperty
Check you have subsidence cover as part of your policy. You may be surprised to learn that not all buildings insurance policies cover subsidence as standard
Richard Burgess, Director at Cover4LetProperty
Property owners should check that their buildings insurance gives them all the protection they need. Repairs for drain damage and subsidence can easily run in to thousands of pounds - something you will have to pay for yourself unless you have adequate insurance
Richard Burgess, Director at Cover4LetProperty