Thursday 12th April 2007
Sainsburys Bank is encouraging landlords to consider its unlimited building insurance policy.
The advice follows the publication of figures by the financial services provider which show the total amount invested in property is about £510 billion.
In response, Sainsburys Bank suggests that landlords may benefit from its home insurance, which provides for up to £20,000 in lost rental earnings and includes £40,000 contents insurance and unlimited building cover.
Robert OMay, home insurance manager at the firm, said: "There has been huge growth in the number of properties rented out and its a lucrative venture for many."
"Our product, the only one to offer unlimited buildings cover, removes any need for landlords to worry about calculating the rebuild value of their property," he added.
Figures from the Royal Institutions of Chartered Surveyors (Rics) show that the number of houses available to buy is at an historic low.
Rics suggested this may be due to good general affordability, which means few homeowners are putting their homes on the market to release equity.
©
Enter your details once and we'll search over 15 online insurers.
