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  1. brettc

    Insurance companies not paying out unless fixed term lease in place??

    Aproperty manager will no doubt clarify this better, but that sounds a strange way to put it as a "periodic lease" is simply a lease continuation, there is no set period for it, otherwise it would not be a periodic lease. Presumably there is still a requirement to give notice that they will be...
  2. brettc

    Insurance companies not paying out unless fixed term lease in place??

    It will be interesting to see what they confirm in writing. The problem with the AAMI wording is more that it could be open to question in regard to what the "tenancy period" is, they define the Rental Agreement as: Rental agreement means the agreement between your tenant and you or your...
  3. brettc

    Insurance companies not paying out unless fixed term lease in place??

    Hi Jenni All of your points will depend on the policy, it will vary from one to the next. AIt is certainly not that you are simply covered, some policies WILL NOT pay when teh tenant is on a periodic lease/lease continuation, their PDS makes this very clear and we hear of plenty of cases...
  4. brettc

    Insurance companies not paying out unless fixed term lease in place??

    Yes it wasn't really a prioritised list, just 12 points worth making in no particular order. It would actually be interesting to see what order of importance people would rate them if asked, I may have to giove some thought to a practical way of doing that.
  5. brettc

    Insurance companies not paying out unless fixed term lease in place??

    Hi Chris As others have said both EBM and TS provide cover for periodic tenancy/lease continuation. At EBM RentCover it's actually something that a lot of agents have asked us to help highlight to landlords that many of the dircet insurer's (such as banks and major insurers) will not pay...
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