The P3 Investment Group is proud to
announce that we can offer P3 Investment Club members comprehensive RENTAL INSURANCE
on all your properties. This new product will secure
complete peace of mind for all P3 property investors.
The P3 RENTAL INSURANCE is underwritten by Infinity Insurance Company and is offered in association with Tenrisk.
View
Brochure (p.1 is in Afrikaans, p.2 is in
English)
This rental insurance completely annihilates the
last remaining risk for Property Investors: Defaulting
Tenants. You can now safely protect your assets and
enjoy an uninterrupted income stream from your properties.
WHAT
EXACTLY WILL THE PRODUCT DO FOR YOU?
The
Landlord Protection Policy provides the following benefits:
| • |
Cover
for loss of rental income to a maximum of 6 months |
| • |
Cover
of legal costs up to R120 000 per annum |
| • |
Handling
of the legal procedure by selected legal experts |
| • |
Obtaining
an eviction order where necessary |
| • |
Peace
of mind |
| • |
Alleviation
of emotional strain |
| • |
Significant
time saving |
WHO SHOULD THINK ABOUT THIS COVER?
The
Landlord Protection Policy is suitable for and available
to all owners of fixed properties who enter into written
lease agreements for residential purposes. If the property
is leased by an agency the necessary arrangements can
be made with the agency to incorporate the product into
existing or future leases.
HOW
WILL THE PAYMENT OF PREMIUMS WORK?
Keeping
in mind that life can be hectic, monthly premium payments
through debit order will streamline the payment process
for your convenience.
HOW
MUCH WILL IT COST YOU?
The
minimum premium for rental income up to R3 800 p.m.
is R135-00 per month. Thereafter it is 3.5% of the monthly
rental income.
A once off excess payment of 50% of your monthly rental income is payable if you claim.
TAX
BENEFITS
For
most landlords, the cost of the Landlord Protection
Policy can be deducted from their rental income when
determining their tax position. (Note: As each person’s
tax position can vary, it is suggested you discuss your
potential tax benefits from this insurance with your
personal tax consultant.)
CLAIMS
NOTIFICATION AND SETTLEMENT
In
the event of your tenant defaulting you simply need
to notify Tenrisk within 96 hours of the day the rent
was payable in order to initiate the claims process.
Valid claims for the loss of rental income will be settled
within 48 hours.
HOW
DO I APPLY?
Simply
download the Application
Form, print it, fill it out and fax to
086 620 6416.
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