Atlas Insurance has launched the Atlas HomeLet policy, a tailored solution for landlords who manage multiple rental properties or engage in sub-leasing.
The new policy includes extensive coverage for buildings and contents, protecting such against theft, damages caused by fire, vandalism, natural disasters and more. Additionally, the policy provides legal liability protection, shielding landlords from potential tenant claims, together with loss of rent coverage which compensates for lost income due to uninhabitable property conditions following damages covered by the policy.
A key factor of the Atlas HomeLet policy is its cost-efficient and simplified structure which is specifically designed for landlords managing multiple properties. With several rental properties insured under a single policy, there is a significant reduction in the landlords’ insurance costs through a single administrative fee together with a simpler management of the policy. With one renewal date and one consolidated payment, landlords benefit from a more streamlined time-saving approach to protecting their property portfolios.
The Atlas HomeLet policy also offers optional accidental damage cover, providing landlords with added peace of mind against unforeseen incidents arising from day-to-day use of their rental properties. This enhanced protection is particularly valuable in rental environments, helping to minimise repair costs and reduce disruption between tenancies.
“Our commitment is to equip our clients with the tools and protections necessary to operate their rental businesses with enhanced security and efficiency”
David Cassar, chief customer officer at Atlas Insurance, said: “With the introduction of this specialised insurance product, we have leveraged extensive market research and feedback from landlords to ensure we address the wide range of complexities encountered when overseeing multiple rental properties.
“The new Atlas HomeLet policy covers the conventional risks of property damage and liability while also integrating cover for income protection, making it a comprehensive safety solution. Our commitment is to equip our clients with the tools and protections necessary to operate their rental businesses with enhanced security and efficiency, reducing their exposure to financial volatility and legal complications.”
Landlords seeking further information can visit www.atlas.com.mt/insurance/homelet/ or contact 2343 5363, where Atlas Insurance advisers are available to provide tailored guidance, explain coverage options and assist in structuring policies to suit individual property portfolios.
