The new policy is designed to cover the main risks associated with letting property for both private and professional landlords. Cover for buildings is available for all UK postcodes with premiums starting from £1.50 per £1,000 buildings sum insured.
The low cost option covers loss of rent and re-letting costs following damage, as well as public liability and accidents to domestic staff up to £5 million.
Michael Arnold, business strategy director of HomeLet, said: “We have introduced this new policy so as to give landlords a choice as to the level of cover they wish to take and the premium that they pay. We believe that sales of our comprehensive landlord insurance policy will continue to grow and that we will establish a new client base of landlords, who prefer the low cost option.”
