September 26, 2008

Insurance for tenants

The property rental sector has really taken off in the past year or so, and is likely to increase at least while there is a property market which is not looking like a return to the guaranteed investment potential that we have been used to.

However, this increase in tenants has meant that there are other opportunities for estate agents to boost their falling incomes, renting means management fees and now there is an additional bonus of being able to selling insurance policies to tenants, which will protect their income.

These insurance policies are called payment protection polices, they work in the same manner as similar insurance, but in this case the tenant will not have the worry of losing their home, should they be involved in an accident or fall ill.

Source [Claims Management UK]