In addition the new policy covers loss of rent or re-letting costs following a claim, so if something serious happens and the tenant needs to move out, lost rent is covered for up to two years (or £50,000) so the landlord can still pay his mortgage or meet other financial commitments.
The introduction of this latest product follows the launch of HomeLet’s Tenant’s Contents Insurance + policy. Since the introduction of this new policy sales of tenant’s contents insurance have more than doubled in 2009 – an increase of 121%.
