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.
Brochure (p.1 is in Afrikaans, p.2 is in
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.
EXACTLY WILL THE PRODUCT DO FOR YOU?
Landlord Protection Policy provides the following benefits:
for loss of rental income to a maximum of 6 months
of legal costs up to R120 000 per annum
of the legal procedure by selected legal experts
an eviction order where necessary
of emotional strain
WHO SHOULD THINK ABOUT THIS COVER?
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.
WILL THE PAYMENT OF PREMIUMS WORK?
in mind that life can be hectic, monthly premium payments
through debit order will streamline the payment process
for your convenience.
MUCH WILL IT COST YOU?
minimum premium for rental income up to R3 800 p.m.
is R135-00 per month. Thereafter it is 3.5% of the monthly
A once off excess payment of 50% of your monthly rental income is payable if you claim.
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.)
NOTIFICATION AND SETTLEMENT
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.
DO I APPLY?
download the Application
Form, print it, fill it out and fax to
086 620 6416.