| Full
Article:
Investing
in Student Lettings
In
the absence of viable alternatives, investment in
property has become a phenomenon of 20th century Britain,
student homes and student lettings are
no exception.
City properties also offer
a safer year-round bet as it's easier to continuously attract
occupants off season, and you can always take advantage
of the accommodation yourself, if you want, as an added
bonus.
Insurance for Student
Homes and Lettings
In these days of higher
risks and a litigious public, adequate insurance cover
is vital. The types of cover you need to consider are:
- Buildings cover - your
mortgage company will insist on this
- Contents cover - your
own contents should be adequately covered, whilst
you guests should cover their own cotenants an
accidental damage to your property.
- Public liability -
covers you for civil actions brought by guests who
may sustain injury on your property.
- Employee liability -
you are likely to employ casual labour in the
process of running your small business and this
cover is a legal requirement.
- Loss of rental income
cover - this can be had for a small percentage of
the annual rental income.
- Cancellation insurance
- in case guests let you down.
- Personal accident,
health and key-man insurance - in case you are
incapacitated at critical times.
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LandlordZONE 2006 |
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