Thursday 14th September 2006
Sainsburys Bank is continuing its assault on the financial products sector with the launch of a new home insurance offer for landlords.
The deal, which is aimed at landlords with a small number of properties, offers contents cover of up to £40,000 as well as insurance against loss of rental income of up to £20,000.
Sainsburys Bank states that, according to research by Consumer Intelligence, its policy could save landlords up to £148 in premiums.
Robert OMay, home insurance manager at Sainsbury’s Bank, commented: "There has been huge growth in the number of properties rented out privately and for many landlords, these have been excellent investments providing steady income and strong capital growth through rising house prices."
He added that it is therefore vital that landlords pick a good home insurance policy to protect their investments.
The policy offers a no claims discount of 40 per cent and high-risk items, such as televisions and audio equipment, can be insured for up to £5,000.
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