Jason McClean

Registered with Property118.com
Wednesday 11th June 2014

Location
Thrapston

Trading Status
Company

Providing essential rental accommodation since
2000

Number of rental properties owned
6 - 10

Insures properties through a broker recommended by Property118
Yes

Rating of Broker (1 - 5 where 5 is the highest)
5

Review of Broker
Price and service - I must disclose, I supply the insurance scheme though through www.thehomeinsurer.co.uk


Latest Comments

Total Number of Property118 Comments: 111

Jason McClean

7 days ago
A tenant's request to let spare room?

Hi Timothy

You will need to note the change to your insurer - they may classify as lodger or sub let depending on who they are. Best to let them know though!

Best

Jason... Read More

Jason McClean

2 weeks ago
Thunderstorm damage demand by leaseholder?

Hi Sat

You cannot insure the tenant's contents as they do not belong to you. He needs to make a claim on his own insurance.

The maintenance issue is between you and the tenant, that is a much more subjective issue - not something I can help with I'm afraid.

Best

Jason... Read More

Jason McClean

3 weeks ago
Property insurance - Change of tenant circumstance?

Yes, change of tenant circumstance should be noted as risk will change. If you don't notify the insurer and then have a claim, be prepared for it to be rejected.

We don't charge for mid term adjustments - no fees - just whatever change in risk premium will be passed on. Read the small print on your quotes before buying to see if you are charged for mid term adjustments. Low cost policies will normally always have high mid term adjustment fees - they will try to make their money that way.... Read More

Jason McClean

3 weeks ago
Property insurance - Change of tenant circumstance?

Hi Kate

Both - if there is a change of tenant, you need to let your buildings/contents insurer know. If you don't then any future claim could be refused. It is very serious.

In terms of rent guarantee insurance, as long as the new tenant meets all referencing requirements, then you should be fine, but good practice to advise the insurer with new names etc.

Hope this helps.

Jason... Read More

Jason McClean

4 weeks ago
Property insurance - Change of tenant circumstance?

Hi Jack,

Tenant type is a major rating factor and determines price to a large degree. You should tell your insurance company every time the tenant type changes.

DSS is riskier and more expensive than working tenants. If the Council or Authority pays you directly, that is even riskier.

Getting insurance for asylum seekers is close to impossible and will cost fortunes.

But if you do not disclose the correct tenant type and ever need to make a claim, you could have the claim refused.

Your prices don't sound bad, but if you want us to review the portfolio, do visit http://www.thehomeinsurer.co.uk and we will see if we can save you any money.

Best

Jason... Read More