Sainsbury's Launch Landlord Insurance
The supermarket and bank launch a new insurance product aimed at small landlords
14th September 2006
Sainsbury's Bank continue their expansion into new areas of the financial services industry with the launch of a new insurance product aimed at private landlords with a small portfolio of properties.
The insurance offers cover against loss of rental income up to £20,000 and contents cover of up to £40,000. The policies also have unlimited buildings cover, saving landlords having to worry about rebuild values and being under-insured. There is no extra charges for customers who wish to pay monthly by direct debit.
Sainsbury's estimates that there are around 3 million privately rented properties in the UK with a combined value of over £450bn.
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