Landlord rent guarantee insurance

Landlords rent guarantee insurance

Rent guarantee insurance for landlords is essential in today's letting environment where the law strongly favours the tenant. With so many people losing livelihoods because of the dire financial situation even the best, most decent tenants can suddenly become a huge liability.

If you are about to sign up a new tenant you really should use our service to credit or reference check your tenants before they get near your property. You are then able to take out our rent guarantee insurance which allows you to sleep at night knowing you are covered, and all for a tiny sum.

A 6 month policy costs just £68.00 and a 12 months policy is just £108.00 regardless of the rental value per tenant (this price may be subject to change by the insurer without notice, but we'll always do our best to get new prices onto the website immediately).

Rent guarantee policies can only be taken out on new tenancies where you have used us to credit or reference check the tenant as it is a stipulation of the insurance firms. Obviously the tenant must pass the check before becoming eligible for the insurance. Clicking the button below will take you to the properties page where you can select the property you wish to take the insurance out against and begin the credit check process. If you buy a rent guarantee product alongside a reference fsand the tenant you've bought it for does not pass the reference then we will refund your rent guarantee cost.

Our reference PLUS rent guarantee products combine a tenant or guarantor reference and rent guarantee insurance into one.

It is impossible to predict whether your tenant's circumstances may change in the future and whether they will always pay the rent even though they have a successful reference. Make sure you are covered for all eventualities with our range of reference PLUS products.

Key Benefits of PLUS products:

  • Complies with Financial Services Authority (FSA) regulations
  • No charge for rent guarantee insurance if reference is a fail
  • 6 or 12 month policies available
  • Legal costs and expenses up to £25,000 for:
    • Repossession of the property
    • Rent Recovery
  • Rent Guarantee:
    • Maximum £10,000 rent payable per month
    • 4 months cover for a 6 month policy or 8 months cover for a 12 month policy (after deduction of 1 month's excess)
    • Extended rent guarantee claims reporting period - up to 68 days after rent first becomes due.
  • You can read the full details of the rent guarantee product in the policy booklets. You can download the policy booklet for the 6 month rent guarantee product by Clicking Here, or the 12 month rent guarantee product by Clicking Here. Both documents will open in a new window so you don't lose your plave on this page.

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