By Christine Johnson on 09-10-2011
The Residential Landlords Association (RLA) has called on the government to reform the way the private rented sector is taxed, in a bid to boost supply of affordable residence for tenants.
It made the call following the publication of new research by Shelter, which indicated that rents are becoming affordable in 55 per cent of local authorities in England.
Figures suggest that there is now an average of five people looking to rent every available private rented property in England.
While the high levels of demand do mean that property investors with buy to let insurance can benefit from increased rental yields, the Shelter report indicates that rents are reaching a level for many tenants that are too high.
This is obviously not good for landlords, as it means the pool of people who can afford to reside in their properties will start shrinking.
Furthermore, the RLA believes that the problem is being caused by the constricted supply of accommodation in the private rented sector, which just cannot keep up with demand.
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By Christine Johnson on 26-09-2011
A New Jersey man is now facing the consequences for attempting to obtain tens of thousands of dollars from his insurer for property that never actually went missing as he had claimed it did.
Casey M. Wendling, 28, of Millville, N.J., filed a false vehicle theft claim to Lincoln General Insurance Company after his 2007 Peterbilt tractor had “gone missing.” However, leaving the tractor on his property after filing the false claim didn’t make things easier for Wendling.
Investigation revealed that the New Jersey State Police had located the tractor which was still in Wendling’s possession. Wendlin
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By Dustin Mitchell on 23-09-2011
There has been good support found for Bill 52 by the assembly. The bill has received support from a number of California business firms.
According to this new bill issued by members of the assembly like Jared Huffman and Mike Feuer, it has been revealed that the new provision shall be a great opportunity for the protection of the rights of the consumers as well as the business men.
Feuer was of the view that “I am grateful for the broad support this bill has garnered from the business community, which recognizes that Californian families and businesses should not have to depend on the whim of an insurance company to halt a major rate increase”.
He further added that this new regulation shall prove to be a very essential step in keeping the costs for healthcare manageable for the general public. It
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By Dustin Mitchell on 23-09-2011
Brides usually have vast lists of tasks to complete in preparation for their wedding day.
However, not many women have added building a replica of a Porshe 356 (created by Ferdinand Porshe and manufactured between 1948 and 1956) onto their to-do list.
A 26-year-old Royal Navy engineering officer from Wiltshire did exactly that. She had previously spent £200 on the wreckage of an old VW Beetle with the intention of converting it into her dream car.
When her boyfriend proposed to her, she worked her socks off to complete the transformation so that she could have the car ready for her wedding day.
After six years of hard work, the car was finally finished and ready for the wedding day.
The finished vehicle features a white leather interior with a mahogany finish and can reach speeds of more than 100mph. Read more…
By Christine Johnson on 23-09-2011
The Virginia Supreme Court backed an insurance company in what could be the first ruling of its kind involving insurance claims resulting from global warming.
The claim was filed by a native Alaskan village against AES Corp., a Virginia-based energy company whose liability insurance carrier, Steadfast Insurance Co., was deemed not liable for the losses. The ruling supported a lower court ruling in the case.
In February 2008, the Native Village of Kivalina and City of Kivalina, a native community located on an Alaskan barrier island, filed the suit in the U.S.
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By Kathryn Green on 20-09-2011
When you buy just about any type of insurance, your insurer will expect you to take reasonable care both when applying for the cover and once it is in-force. This applies to insurance for second homes too. So, what exactly is “reasonable care” and what affect, if any, will it have on you?
Your insurance application
Reasonable care is a term you often hear used by insurance companies and government bodies, and basically, it means what it says!
So, when completing your home insurance application, for example, you should take reasonable care that you complete it correctly. If
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