The Source improves landlords’ property insurance range

Published on

insurancekey

General insurance provider The Source has enhanced its range of property insurance products for landlords with the launch of a comprehensive new offering – 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.

Furthermore, 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.

Mick Cairns, The Source Insurance director, 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 intermediaries with landlord clients and know that getting cover if the property is not going to be occupied straight away or if some maintenance work is taking place can be a real problem.

“The launch of our Sentinel product solves that problem and gives intermediaries a fresh new choice for their landlord clients.”

Brian Coulton, The Source’s national sales manager, added: “Many of our regular brokers will be familiar with our Sentinel household policy, a competitively priced quality product that has been occupying a leading panel position with us for a number of years and as such we are delighted that Sentinel have developed an equally compelling proposition for our landlord panel.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Long-term vacant homes in England rise 14.5%

The number of long-term vacant homes in England has risen by 14.5%, despite continued...

Tenant support for Renters’ Rights Act grows

Awareness and support for the Renters’ Rights Act has risen sharply among tenants since...

Mortgage and protection professionals urged to complete industry ED&I survey before deadline

Industry leaders are calling on mortgage and protection professionals across the UK to complete...

Paragon cuts further advance rates and lowers minimum loan to £2,000

Paragon Bank has reduced rates and simplified the application process for buy-to-let further advances,...

The Cambridge adds 80% LTV limited company holiday let deal

The Cambridge Building Society has launched a limited company buy-to-let holiday let mortgage at...

Latest publication

Other news

Equity Release Council to launch later life lending leadership symposium

The Equity Release Council is to launch a new leadership format for its annual...

Q&A: David Jones, Click2Check

Mortgage Soup fires the questions at David Jones, director at digital compliance and onboarding...

Long-term vacant homes in England rise 14.5%

The number of long-term vacant homes in England has risen by 14.5%, despite continued...