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Residentsline to the rescue

Rental properties remain a booming business and as a landlord protecting yourself again unexpected costs are important.

Recently there have been a number of much-needed changes within the insurance industry. In the wake of ever-present modernisation, it now seems that the standard deposit system is becoming a thing of the past. And, unlike video stores and hardcopy books, it isn’t something many people will look back on fondly.

The purpose of a deposit replacement scheme is basically to replace the standard deposit payment with an insurance policy. This policy provides landlords with the same protection as a deposit, but effectively removes the requirement of an expensive lump sum prior to a tenancy – this makes it more affordable for tenants to move, but not at the expense of their landlord’s protection.

The common factor across these new deposit-free schemes is the fact that neither the tenant nor the landlord loses out. The tenant is provided with a reduced fee and a payment method to suit their financial situation, thus removing the barriers that many faces in trying to rent. For the landlord, they are provided with the same financial cover as a standard deposit. A major factor at the forefront of these schemes is that the insurance company act as the middle man between landlord and tenant – if any damage occurs, the insurer will cover the costs for the landlord. As agreed, the tenant will be held liable, and the insurer will recover the value from the tenant themselves (in the same way a landlord would deduct money from their deposit).

For more information and to view summaries of cover please click here.

Get in touch with our friendly, experienced and professional team today for more information.

Residentsline provides a range of products to help including:

Freeholders

Landlords Property Insurance

Flats insurance team meeting

Rent Guarantee

residential building insurance

Deposit Replacement

Landlords Emergency Assistance

Mari
Mari
21 July 2023
Absolutely brilliant dealing with Residentsline Company, always deliver the best deals 😊
Nigel Tomkins
Nigel Tomkins
18 July 2023
Always a great service. Tina and Emily are very easy to deal with
Dom Wealthall
Dom Wealthall
3 July 2023
Residentsline are helpful, trustworthy and a pleasure to work with. Would recommend their services if you are looking to place insurance in the residential sector.
Jan Davies
Jan Davies
26 May 2023
I am secretary of a small company that manages 8 flats in Harrow on the Hill, Middx. We have insured our building with Residentsline since the 1980's. The service from the company has been outstanding. They are always easily available for advice, information and support. They deal with claims quickly, professionally and sympathetically. The staff are. without exception, friendly and efficient. I should particularly like to commend Tina Hough. I have dealt with Tina for many years and she is an absolute treasure.
Andrea Samson
Andrea Samson
25 May 2023
Always helpful in achieving the best premium for many years
David King
David King
24 April 2023
Friendly and efficient service.
rod pownall
rod pownall
19 April 2023
my contact with tina is always good - however i am not so sure this year on the full details for the renewal my concern is that there is a "subsidence" query currently on last years which has not been sorted yet and yet on this years the subsidence has been altered to £7500
Mark Corthine
Mark Corthine
16 April 2023
My Company has been using Residentsline Flats Insurance for over 12 years and I have found them a Good Company to work with, they have always tried to get competitive prices, until last year when prices have shot up - for no apparent reason? Apart from following the building market and the inflated costs of both product and labour. I have enjoyed our professional relationship and sincerely hope that I am able to write a much more positive review at the end of this calendar year?
B J
B J
17 March 2023
Residentsline have been placing our block of flats insurance for a number of years now. I’ve found them to be excellent at what they do- very responsive and open in their communications and always striving to get us a reasonable renewal even in tough market conditions. Thank you to the entire team but especially Sinead who has been a reassuring presence at every renewal time.
Andy James
Andy James
8 November 2022
I’ve now been with Residentsline a year and just renewed my 2 policies for the first time. Sharon Phillips dealt with a number of questions I had in a polite and efficient manner. I would have no hesitation in recommending Residentsline .

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