Even the best of tenants can experience sudden changes in their financial circumstances, which could impact their ability to pay your landlords their rent. Although referencing provides an insight into a tenants current situation, it cannot predict the future. A lost job, relationship breakdown or other changes in personal circumstances of your tenant can ultimately affect their ability to pay your landlords their rent. In the unfortunate situation that this arises, this could put a serious strain on your relationship with that landlord.

Why Choose Rent Guarantee Insurance?

Rent Guarantee Insurance is a legal expenses policy to cover your landlords for non-payment of rent and subsequent eviction costs if a tenant stopped paying during the tenancy. In the event of claim, the insurer will fund the rent for up to 12 months while they manage the full eviction process, from issuing notice to obtaining legal vacant possession. Each policy lasts for 12 months at a time with the option to carry one month or no excess.

Cover can be offered to your landlords as an additional upgrade to your managed service giving your landlords the option to benefit from cover. Alternatively you can include rent guarantee insurance in your full management package. Incorporating rent guarantee insurance into your lettings business is a fantastic way to offer additional benefits to your landlords and to ensure you stay ahead of the local competition.

What are the Benefits of Rent Guarantee Insurance?

        Pays up to £2500 in rent for a maximum of 12 months

        £50,000 legal expenses 

        Cover for property damage, nuisance and trespass.

        Cost of repossession of your property and tenant eviction.

        Recovery of rent arrears.

        Defence in relation to tenancy matters & Criminal Prosecutions.

        Issuing of Notices included.

        24/7 legal and tax advice line for any personal matters.

A discount on rent guarantee insurance if we conduct the referencing on your prospective tenants.

Find out how Rent Guarantee Insurance can revolutionize your letting business today by speaking to our team