Category Archives : Renter’s InsuranceBack to Site

Rent Protection? Go Directly To Insurance Company

With effect from 1st July 2009, Landlords who’s interested in the Renter’s Protection Insurance will have to directly liase with JLT as the old method of distributing the policy is in conflict with MAS’s policy. Dear Estate Agent, Subject: Rent Protection Insurance – Revision in Distribution Method We regret to inform that the Monetary Authority of Singapore (MAS) has recently determined that estate agents cannot promote insurance products for referral fee unless the estate firms are registered with General Insurance Association of Singapore (GIA) as Trade Specific Agents. To register as GIA’s trade specific agents, the agents of estate firms…

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Rent Protection Insurance in Singapore by Jardine Llyod Thompson and QBE

It’s confirmed. I was attending to a introduction session in our office by a lady from Jardine Lloyd Thompson on their new rent protection insurance product produced by their company and QBE. The launch will be on April’s Fool (1st April 2009) opening only to Real Estate agents to sell to their Landlords. Cost of the premium is 15% of one month of rental (excluding GST), coverage of up to 24 months of the tenancy, which sounds alot more affordable than I thought. I had the misconception that this will be a premium cut from the rental every month. Benefit…

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