Sainsburys offer landlords a discount on their landlord insurance

Sainsbury's is feeling so sorry for landlords that it is giving a discount of 20% on landlords home insurance, plus 3,000 Nectar points.

The retail giant that now is a major player in the insurance industry believes that poor old landlords have seen a collective drop in value on their portfolios of £118.4 billion over the past year.

The landlord insurance policy covers landlords against loss of rental income of up to £20,000 and contents cover of up to £40,000. It also offers unlimited buildings cover.

Sainsbury's Finance commented that landlords had been suffering real difficulties in the economic crisis.