September, 2015

Hamilton King Management Limited strives to deliver best value for lessees

A service charge is a tenant’s contribution to the costs of running and maintaining the shared areas of a communal dwelling building. Precisely what this entails depends on the type of premises, but typically includes lift and stairwell maintenance, garden upkeep, cleaning and regular repairs to keep on top of wear and tear. Hamilton King Management Limited is not linked to any particular contractor or insurer and always aims to deliver best value for money when instructing contractors to carry out maintenance and repair work on the properties it manages. The company has over 21 years of experience of managing a variety of different types of multiple occupancy premises. The company also appreciates the fact that dealing with repair issues in a timely manner helps to prevent problems escalating. As well as operating a rolling inspection procedure on its properties, Hamilton King Management Limited also makes it easy for residents themselves to report problems, over the telephone and by email. The company is also the point of contact for lessees who wish to make alterations to their properties or who wish to extend their...

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Home Insurance – Are You Properly Covered?

Home Insurance – Are You Properly Covered?

Home insurance seems like one more expense each month, stretching the budget with no tangible product to show for the money. However, adequate insurance cover is always very much appreciated in the event that it is needed, and no one who has to claim on their insurance ever wishes that they had a lower level of cover. Hamilton King Management, a specialist property management company devoted to delivering quality estate management to all clients, explains how to make sure that you have appropriate insurance for your property. What Is Home Insurance? There are two parts to this, although they are often bundled together. You can buy one part, or the other, or both. Buildings insurance insures your actual bricks and mortar from damage caused by events such as fire and extreme weather. If you have a mortgage on your property, the mortgage lender will probably insist that you have buildings insurance. Contents insurance insures your possessions against events such as theft and water damage. Buildings Insurance There are two types of buildings insurance – bedroom-rated and sum insured. Bedroom-rated is the most common form of buildings insurance these days. It means that the insurance company uses the number of bedrooms in your house to work out how much it might cost to rebuild. Cover levels tend to be generous, but you should still check the sum assured (the amount you might be paid if your house were to be destroyed) against a recent property valuation or against the value for which properties similar to yours are being sold in your area. With sum assured insurance, you calculate the value of rebuilding your home yourself, and insure for this amount. You may need to use a surveyor for this, unless you are an expert. It is important that the sum assured is correct. If it is too low, then if your house were to be destroyed, you might not get enough money to rebuild it. Conversely if the sum assured is too high, you may be paying too high a premium, and in the event of a claim it may look suspicious if you are claiming more than the cost of rebuilding. It is a good idea to review the level of cover each year at the policy’s renewal. Contents Insurance It is often hard to decide what to include on a contents insurance policy; in general, if it is...

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