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Sainsbury's Bank launches new landlord home cover

14 September 2006
In recognition of the increasing numbers of people purchasing buy-to-let properties, Sainsbury's Bank has launched home insurance designed specifically for landlords.

The launch follows research into the sector by the bank that revealed there are now some three million properties in the UK being rented privately, with a total estimated value of £453.47 billion.

Home insurance manager at Sainsbury's Bank Robert O'May said that because of this growth in the market, it is "important for landlords to pick a good home insurance policy to protect their investments".

The policy offers property-owners unlimited buildings cover, cover for contents up to £40,000 and protection against loss of rental yield of up to £20,000.

Mr O'May added: "Our product's unlimited buildings cover means that they don't have to worry about calculating the rebuild value of their property and are safe in the knowledge that they won't be underinsured."

To read more about home insurance, click here.

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