Press Release – 15 September 2009:
After nearly 20 years of offering landlord and tenant insurance as part of its service, West London based Express Property Services has opted for an alternative arrangement by becoming an Introducer Appointed Representative (IAR) for PropertyRisks’ let property insurance products.
Established in 1988, ARLA member Express Property Services specialises in residential lettings and property management, covering West London, Middlesex and Slough. Director and founder Mark Francis started offering insurance in the early 90’s, becoming an Authorised Representative with the introduction of the FSA regulations.
He says: “We had had broadly the same insurance arrangements in place since we first started offering legal protection insurance but with the FSA compliance requirements, we found the administration involved simply too onerous. As a family-run business with a single office, being an AR was eating into the time that needed to be devoted to our core business.”
Looking for an alternative approach, Mark Francis spent a year researching all of the new providers that had come into the market and took referrals from colleagues in the industry. Narrowing the search down to three providers he chose PropertyRisks because it offered him a partnership arrangement as an IAR.
Mark Francis: “I wanted to move away from being an AR and PropertyRisks had the right set up for us to be able to do this and still have the confidence that our clients’ insurance needs were being properly handled. Essentially, as our insurance partner, PropertyRisks offers us the equivalent of an insurance back office and our clients have the peace of mind of knowing that we are still there in the background. They also have the benefit of extremely competitive premiums and we are seeing a good take up of the PropertyRisks products.”
As an IAR, Express Property Services now refers its clients to PropertyRisks who handle all transactions from the initial enquiry onwards. New or existing clients are also able to obtain insurance quotes by clicking on to a link on the Express Property Services website.
Based in Hampshire, PropertyRisks is a leading specialist provider of high quality let property insurance and tenant referencing services.
It helps to protect its client interests’ by providing the following services:
• Landlords insurance
• Tenants insurance
• Legal expenses and rent guarantee insurance
• TVcheck, a reliable online tenant referencing facility to establish the suitability of a tenant to rent a property