I just lost £205 because I didn’t have Landlords Emergency Cover

by Jason McClean

11:33 AM, 16th April 2015
About 4 years ago

I just lost £205 because I didn’t have Landlords Emergency Cover

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I just lost £205 because I didn’t have Landlords Emergency Cover

I’VE just lost £205 on a single property because I didn’t have Landlords Emergency Cover in place. That’s a whole month’s profit for the property lost because I had put off buying the cover since December 2014.landlords emergency cover

The Letting Agent called me up at around 1000 today  to say the tenants had complained the boiler wasn’t working and the service engineer reported a faulty PCB that needed replacing. The total cost is £265, did they have permission to go ahead.

With tenants facing no hot water or heating, what could I do? I had to agree and have paid for the fix.

If I had Landlords Emergency Cover in place at £59.99 for the Gold version giving a max claim of £500, then I would have paid nothing but the cost of the policy. I would be £205 better off.

And the killer is that I knew the boiler was ‘dodgy’ as it is getting on a bit. I have it serviced (a requirement for the landlords emergency cover) and the tenant had told me it was making noises back in December. I made a note to put it on Landlords Emergency Cover but the phone rang and I forgot.

This is a real life lesson that the Property 118 insurance expert (and private landlord) has learnt the hard way. Don’t put it off. The price of the cover compared to the benefit is enormous.

Ironically I put another property on cover in February and in March the fan died on that boiler, saving me around £240 on the fix. I should have known better and got the other property on cover immediately.

So don’t fall into the same trap as I have, being complacent costs money. If you have a property that is prone to emergencies, get it on landlords emergency cover today.

But remember, this is not landlord buildings or contents insurance – it is emergency cover for breakdowns and problems. Check the details, the website makes it really easy to understand.

Operated for Property 118 by Surewise.com, a London based business; the flexible and fixed price Landlords Emergency cover on offer is excellent. By visiting the website you can read a straightforward explanation of exactly what you are getting. You can make as many claims against your policy as you like throughout the year, and don’t forget, if you have more than 3 properties you could be entitled to a discount. For more information please  CLICK HERE

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Comments

Hugh Jass

13:18 PM, 16th April 2015
About 4 years ago

And if you don't make a claim for another 12mths, and you now take out this policy you'll be another £500 down ! I don't believe in these policies...It's a law of averages, service your boilers, and you rarely have issues....And it doesn't give this site much creditability advertising and pushing policies in this way...

Paul Maguire

13:18 PM, 16th April 2015
About 4 years ago

Excellent sales pitch.

David Bender

13:20 PM, 16th April 2015
About 4 years ago

Is this for information or an advert?

Dr Rosalind Beck

13:40 PM, 16th April 2015
About 4 years ago

If we insured all our appliances in all our houses (boilers, washing machines, dishwashers, fridges...), bought rent protection insurance, paid agents to manage the houses etc. etc. we'd have no profit!

Mark Alexander

13:55 PM, 16th April 2015
About 4 years ago

Does it matter whether it's information or an advert? Clearly it's a bit of both, a genuine story from a real landlord.

Jason is one of our sponsors and as you know, we are funded by sponsorships and donations. If we relied on donations alone we would have to find thousands every month out of our own pockets to keep Property118 running. Commission off insurance sales is very important to keeping Property118 alive. We've also had very positive feedback from the thousands of Property118 members who have saved a LOT of money by using our recommended insurance providers.

Nobody is compelled to buy this insurance but many do so for both peace of mind and for commercial reasons.

You either pay the premiums or you pay the price. Your money, your future, your choice 🙂
.

Nick Faulkner

14:00 PM, 16th April 2015
About 4 years ago

Read his profile....it is a fairly unsubtle advert.....and possibly advocating a fraud if you he is suggesting he should have insured a boiler he knew to be faulty.

Jason McClean

14:10 PM, 16th April 2015
About 4 years ago

As well as working in insurance I am a private landlord with a small portfolio.

This is a real experience I have gone through and thought it worth sharing. I hope that it may save other landlords the pain of paying out when they could be covered.

It also shows the strength of the product. Ros, Emergency cover will insure a lot of risks under this single policy, I am not talking solus boiler cover here - that's something I've had in the past and lost money when it let me down, but that's another story.

This isn't just a sales pitch, it's an experience. I wish I had bought the landlord emergency cover myself and have 205 reasons to kick myself today. I should have put my money where my mouth was at the time...and will not make the same mistake twice.

Nick, as for fraudulent, if it was broken then it wouldn't qualify for cover. In December it was making noises, that's all, it was fully operational and under a service contract which is as per the policy coverage. Once you start a policy if you make a claim within the first 14 days it will be refused, to stop fraudulent activity and I fully support that, it's not a retrospective after the event insurance policy.

Hope this helps clarify!

Hugh Jass

14:17 PM, 16th April 2015
About 4 years ago

hehe you sell insurance, but didn't see the need to take out insurance?? You can't make this up lol

Jason McClean

14:21 PM, 16th April 2015
About 4 years ago

Hi Hugh

That's the irony of it, I did see the need for it in December and was distracted. Today it has come back and bit me.

I am only human after all.

Hugh Jass

14:25 PM, 16th April 2015
About 4 years ago

ok...but if I had to give you any advice it would have been, change the boiler- you can get a baxi with a7yr guarantee now...and skip the insurance...

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