Tenant Liability Insurance

Herbalus

Well that certainly sounds like a promotion for Saxon....

When it is demanded that I get the compulsory insurance for the landlord's possessions, I simply respond, "why, does the landlord not have his own insurance for his possessions?" The looks I get are priceless, especially if it's a youngish lad who has been told that it's something they have to sell.

If they then respond with a load of irrelevant bumph, I reply by telling them that if I damage the LL's possessions and become liable for repairs, I am liable for them regardless of whether I've contracted insurance, and that my dealings with a third party to cover my potential actions are no business of theirs.

G_M

Herbalus wrote: »

Well that certainly sounds like a promotion for Saxon....

When it is demanded that I get the compulsory insurance for the landlord's possessions, I simply respond, "why, does the landlord not have his own insurance for his possessions?" The looks I get are priceless, especially if it's a youngish lad who has been told that it's something they have to sell.

If they then respond with a load of irrelevant bumph, I reply by telling them that if I damage the LL's possessions and become liable for repairs, I am liable for them regardless of whether I've contracted insurance, and that my dealings with a third party to cover my potential actions are no business of theirs.

Which is all very well and sensible but.... if the agent reacts by granting the tenancy to another tenant who IS willing to take out the insurance, then you are the one who is homeless.

Hence the advice above to use the Distance Selling Regulations to take out a policy and then cancel it once you have a signed tenancy agreement.

In addition to the distance selling Regs, any insurance can be cancelled (wherever signed up) within 14 days, but there may be an admin fee. See

http://www.adviceguide.org.uk/wales/consumer_w/consumer_professional_and_financial_services_e/consumer_insurance_e/consumer_managing_your_insurance_policy_e/cancelling_an_insurance_policy.htm

hennerz

I just used Saxon as a graduate and it came to £78.00, with up to £5k tenant liability Insurance, as this was a requirement of my lease. The only other option I found on google was HomeLet which was £120.00.

Heliflyguy

G_M wrote: »

then you are the one who is homeless.
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Bit dramatic

Messicat

theartfullodger wrote: »

It's a con: ANy Landlord that does not have sensible insurance cover for his buildings & contents should be locked up.

Sign up for some cover on the Internet. Present theiving grasping blood-sucking agency with those details. Sign tenancy. Cancel policies.

If you want cover for your own stuff fine, get a policy for that.

If you sign an insurance policy in the agent's office you probably have no rights of cancellation/"cooling off" period.

Want to know your rights on canceling on't t'Internet?? Look up "distance selling regulations"

Cheers!

Amazing. Thank you. This is what I wanted to read.