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Lettings agents urged to protect their business

Posted on 2011-05-03

Following an increase in the number of rented properties in the UK, HomeLet is encouraging all letting agents to make sure they are protected against disputes through its Professional Indemnity Insurance policy.

The increase in rented properties - and landlords – in the UK, unfortunately means there is an increased chance of professional mistakes being made. Therefore it is vital all lettings agents are covered when a landlord or tenant takes legal action against them regarding incidents of negligence.

The solution to this is Professional Indemnity (PI) Insurance. HomeLet’s PI offers a tailored service to cover lettings agents against claims of negligence, libel, slander, breach of confidentiality and more. HomeLet’s PI not only gives letting agents peace of mind their business is covered, but also reflects their commitment to standards and duty of care to customers.

HomeLet’s push follows the results of a recent report released by the Association of Residential Letting Agents (ARLA) that calls for greater regulation in the letting industry from the Government. In the report, ARLA requests increased protection for investors in the private rented sector. It also states investors rate this as a top priority, especially with an increased number of landlords in the market.

Commenting on the importance of HomeLet’s PI product, John Boyle, Managing Director said: “Every year, thousands of lettings agents find themselves embroiled in time consuming, financially draining disputes between landlords and/or tenants. Without a suitable professional indemnity insurance policy, such disputes can result in costly, time-consuming legal cases that might even threaten the future of some businesses.

“By providing a PI policy to letting agents that offers great features and benefits at an affordable price, HomeLet is not only supporting regulation within the lettings industry, but also cementing its position as the leading service provider.”

HomeLet’s policy is underwritten by Zurich, whose financial strength, expertise and experience is core to the product providing insurance cover tailored for each customer. To make sure your business is protected with HomeLet’s Professional Indemnity Insurance, telephone 0845 117 6033.

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