Providers of specialist products to the professional lettings market

Transcription

1 Providers of specialist products to the Welcome to the Assurant Let e-brochure

2 ABOUT ASSURANT Assurant Intermediary is part of the Assurant Group, which is a Fortune 500 global financial services group quoted on the New York Stock Exchange. For the last two decades, Assurant Intermediary via companies it acquired has been one of the leading providers of general insurance in the UK. ABOUT ASSURANT LET Assurant Let, a trading name of Assurant Intermediary, has been developed to provide specialist services and insurance products to those involved in the Lettings market. Our range of products can help letting agents save time, save money or simply provide the peace of mind that is needed to protect your landlords assets. Our experience of working with intermediaries means that we understand your needs and those of your landlords. These needs have been at the forefront of our minds through the development of the Assurant Let products and service. WE OFFER Tenant Referencing Rent Guarantee Insurance Landlords Buildings Insurance Tenants Insurances A FLEXIBLE SERVICE We know that you are busy and we also know that people like to access services in different ways. Therefore, we have built our service to be flexible so that you can choose the way of working with us that suits you best. Our online system, which is available 24/7, enables you to transact with us easily and at your convenience. Of course, we re available at the end of the phone or by if you have any questions. We also operate a referral service. This allows you to pass to us those elements of the service that you can t do and we ll do them for you. Our third option is our fully-managed service. The fullymanaged service is particularly appropriate for those people who just haven t got enough hours in the day. We will save you time by, as the name suggests, fully managing the whole process for you. We can even contact the prospective tenant on your behalf and, of course, we ll provide you with regular updates and ensure that you stay in control. Our Tenant Referencing service is available on an express or comprehensive basis you can choose which service you need. You can read more about this on page 3. 2

3 PRODUCT RANGE TENANT REFERENCING As a professional Letting Agent you know the importance of referencing tenants. Obtaining high quality, accurate references quickly has historically been a problem. Assurant Let s referencing service uses the latest software to give you and the Landlord the tools to make the right reference decisions. There are two referencing options Express or Comprehensive: Express Reference Available through the simple and quick online system 24 hours a day, 365 days a year Interrogates multiple databases in seconds and consolidates to provide a tenant s report Undertakes detailed background checks Provides a quick, accurate report Comprehensive Reference All the benefits of an Express Reference plus, System generated written reference requests from: Previous landlord Current employer Our referencing service is one of the most detailed on the market at very competitive prices. It provides a simple five page report indicating the suitability of your prospective tenant unlike many other references that simply carry out a credit search. The system assesses your prospective tenant s creditworthiness today based on historical trends and circumstances, to indicate their propensity to default in future. The Tenant Referencing software is provided by Certifi Limited. Both the Express and Comprehensive service can be completed by you online (self-service) or, if you haven t got the time, we can complete the reference for you through our Managed Service just complete the Referral Form. For more information on pricing please contact us on TENANT REFERENCE FEE STRUCTURE Fully Managed* Self Service* Express Reference Comprehensive Reference *Prices shown exclude VAT The invoice will include all references from Assurant Let in the previous month. 3

4 RENT GUARANTEE In today s economic climate even reliable tenants can face unforeseen financial difficulties, through redundancy, unexpected bills etc. In turn, a tenant who can t or won t pay places a financial burden on the landlord and the agent. Rent Guarantee insurance helps to relieve that financial burden. And our Rent Guarantee insurance has an added benefit. It can be bought by the letting agent. This enables you to protect the landlord s income in the event of a claim, right up to the point of eviction. You can buy our rent guarantee cover to protect the rental income for your landlord, providing you have the following points built into your contract with the landlord: The letting agent is responsible for managing the landlord s obligations contained within the tenancy agreement relating to the property; and A guarantee made by the letting agent to provide the landlord with the monthly rent specified in the tenancy agreement relating to the property; and The right for the letting agent to repossess the property from the tenant in the landlord s name; and The right for the letting agent to recover any costs incurred due to the tenant not fulfilling their obligations in the tenancy agreement in the landlord s name Policy features include: Upon accepting a claim the cover provider will seek to repossess the property as soon as possible The cover will pay the rent arrears while a tenant or extenant still occupies the property The policy will cover 2,500 per month with an overall limit of 50,000 per claim. An option for rents above 2,500 per month is also available, this also has an overall limit of 50,000 per claim Right up to the point of eviction our Rent Guarantee cover will assist in the eviction of a tenant if they fail to pay their rent Legal advice helpline service Policy options include: 6 or 12 months cover to suit the tenancy period Back to day one cover or a 30 day excess available Rent Guarantee is underwritten by DAS Legal Expenses Insurance Company Limited. Of course, as with all such policies, there are limits on the extent of the cover and some exclusions. To buy this cover, simply complete a comprehensive reference via our online system and choose the option for rent guarantee if required. View the full policy documents by clicking on the links below: Rent Guarantee Policy booklet 2,500 Rent Guarantee Policy booklet 2,500+ RENT GUARANTEE FEE STRUCTURE Fully Managed* Self Service* 6 Months Rent Guarantee (Nil Excess) Months Rent Guarantee (1 Month Excess) months Rent Guarantee (Nil Excess) months Rent Guarantee (1 Month Excess) *Prices shown include IPT Invoices are produced by Assurant on the first working day of the month and sent via to you. Collection is made approximately 5 days after the invoice is sent, this is taken via Direct Debit from your account. 4

5 LANDLORDS BUILDING INSURANCE At Assurant Let we offer a Landlords Building Insurance policy with optional cover for Landlord Contents. Both options are full of benefits. If you don t already hold an agency with Assurant and would like to join in order to refer your customers for a quote please visit our website and apply or complete the registration form by clicking here. If you already hold an Introducer Agency with Assurant Intermediary you can refer customers for a Landlords Building Insurance quotation. Complete our simple form (shown below). It will only take a minute of your time. Click here to complete the form. The benefits to you: Competitive commission rate of 15% for any new policy The same rate of commission will be paid on the policy anniversary for every year the policy stays with us Quick, easy to use, online system If you are not authorised by the FCA to sell general insurance products we can assist. As part of our flexible Assurant Let service, we make the purchase process as simple as possible. If you want, one of our friendly staff will speak to the Landlord on your behalf and talk them through the options we have available to arrange an insurance quotation. And not only do we make the process easy, we also pay commission if the Landlord places their insurance with us. All you need to do is tell us when the Landlord would like to be contacted and we will do the rest. For more information on the features of our Landlords Building & Contents Insurance please contact us on or ; sales@assurantlet.com 5

6 TENANTS INSURANCES Whilst contents insurance is not compulsory, the cost of replacing gadgets such as laptops, ipods, televisions or even DVD collections if they are stolen or damaged by fire would be considerable. Contents insurance is clearly a sensible option. At Assurant Let we have a variety of Tenant Contents Insurance policies we can offer, the main consideration is the true value of a tenant s total belongings; put simply, what they would like to insure. Our policies also include Tenant s Liability; this means that accidental damage by the Tenant to the building is covered. We also offer Tenants Income Protection cover. This policy is an effective way for a Tenant to continue paying their rent should the worst happen through Accident, Sickness or Unemployment and they are unable to work for 30 consecutive days or more. If you are not authorised by the FCA to sell general insurance products we can assist. As part of our flexible Assurant Let service, we make the purchase process as simple as possible. If you want, one of our friendly staff will speak to the Tenant on your behalf and talk them through the options we have available to arrange an insurance quotation. All you need to do is complete a simple form telling us when the Tenant would like to be contacted and we will do the rest. The benefits to you: We do all the work on your behalf, saving you time Reassurance that the tenant has appropriate insurance in place should the worst happen For more information, call and speak to one of our sales support team. If you already hold an Introducer Agency with Assurant Intermediary you can refer customers for a Tenants Contents Insurance quotation by clicking here. 6

7 Many thanks for taking the time to read about Assurant Let. If you d like to apply for an agency please complete the form. It s free and will only take a few minutes of your time. If you d like to speak to us, call now on or us at sales@assurantlet.com. If you prefer we can visit you or arrange a webinar at a time that s convenient for you just call us to arrange. CONTACT US Call today on Monday to Friday 9am-5pm Or visit Assurant Let Assurant House Amy Johnson Way Clifton Moor York, YO30 4XT Follow Assurant Let is a trading name of Assurant Intermediary Ltd. Assurant Intermediary Limited is authorised and regulated by the Financial Conduct Authority under registration number You can check this on the Financial Services Register at or by calling