RESIDENTIAL LANDLORD SEPTEMBER / OCTOBER 2008
PROPERTY INSURANCE EXCLUSIVELY FOR MEMBERS OF THE GUILD OF RESIDENTIAL LANDLORDS The Guild of Residential Landlords 14 Devonshire Place Harrogate HG1 4AA 0845 370 0107 www.all4landlords.com guild@all4landlords.com
What are the benefits?
What next?
Underwritten by Zurich Insurance Extremely competitive premiums for residential and commercial property portfolios Depending on total portfolio, normal rates are as follows: Portfolio £3m+
£1.03 per thousand
Portfolio £1m+
£1.05 per thousand
For more information on the insurance facility please contact the following: Elaine Perry Account handler Tel: 0161 935 2901 eperry@heathlambert.com
Portfolio less £1m £1.20 per thousand £1.75 per thousand standard commercial property rate Malicious damage by tenant included No cover restrictions on unoccupied properties Definition of buildings includes landlords contents Includes loss of rent and alternative accommodation cover Includes employers and property owners liability cover (£10m and £5m respectively)
Heath Lambert Real Estate Riverside Cloister House New Bailey Street Manchester M3 5AG Tel: 0161 935 2935 Fax: 0161 839 2839 www.heathlambert.com
COMPARISON TABLE The details are accurate to the best of the authors knowledge and belief and were taken from all appropriate websites on 17 April 2007. The insurance quote was based on the same property, same circumstances etc. Policies differ slightly so you should check policy documents for a full accurate comparison (although from the research carried out, the Guild policy contained all similar details plus extra benefits) Cost of buildings insurance on normal 3 storey house let to students, £100,000 rebuild, £250.00 excess. Inc. IPT. Usual liability, malicious damage etc. (postcode was HG1 but with Guild policy postcodes make no difference)
38
Guild of Residential Landlords £120.00 if total portfolio under £1m £105.00 if total portfolio £1m+
NLA £150.97 (£500.00 excess)
RLA £181.44
NFRL (formerly SPLA) £148.00 (based on £1.48 per thousand on website info)
£103.00 if total portfolio £3m+,
The Guild of Residential Landlords are an Introducer Appointed Representative of Heath Lambert Limited, an insurance intermediary authorised and regulated by the Financial Services Authority. Heath Lambert Limited is bound by its rules in the conduct of its general insurance mediation activities. Details of Heath Lambert Limited’s authorisation (registration number 312030) can be checked by visiting the FSA’s Register which can be found on the website http://www.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234. Please note that as an Introducer Appointed Representative of Heath Lambert Limited The Guild of Residential Landlords can only refer your name and contact details to Heath Lambert Limited. We are not able to give you advice on any general insurance products or the Heath Lambert Limited services.