Wednesday, January 25, 2017
Our Property Owners eProduct has recently undergone several enhancements which we believe will make NIG the broker’s insurer of choice when trading property risks.
Broker feedback has been used to review our residential premiums. This has made our pricing more efficient ensuring that our rates remain competitive in this area.
You told us that you need to be able to trade faster, so we’ve removed a number of referrals to make it easier to get a quote first time.
We’ve also enhanced our Property Owners offering on The Hub by extending our Legal Expenses contract so that it now includes:
Commercial Property Owners
Residential Property Owners
Let’s take a closer look at Rent Arrears, a new optional cover included in the Legal Expenses contract of our Residential Property Owners product.
What is Rent Arrears Cover?
Rent Arrears is an optional element of cover for Residential Landlords. It covers rent arrears of your Tenant when they are still in the property, and covers 50% of the rent for 3 months once the property is vacant in cases where repairs are needed. Claims are paid 30 days in arrears on request by the Landlord.
What is required of the Landlord?
*The reference must include the following: written references from a previous managing agent or Landlord; an employer/any other financial source; and a credit check (including EJO’s, CCJ’s and bankruptcy).
What is not covered?
Our property owner’s products offer cover for residential or commercial property owner’s risks and covers up to 25 private dwelling houses or blocks of flats with up to £10m Building Sum Insured and £500,000 landlord’s contents.
You can find more information about our Property Owners eProduct, including Key Facts, Sales Aid, Proposal Form and Policy Wording, on our website here.
There’s never been a better time to get a quote from our award winning online trading platform, TheHub, so why not give us a try today?