Landlord Rent Guarantee Insurance
What is Rent Guarantee Insurance?
Rent Guarantee insurance protects landlords from unpaid rents and can help resolve tenancy disputes regarding possession.
It is also commonly referred to as Tenant Default Insurance, Rent Protection Insurance, or simply Rent Guarantee.
With the Renters' Rights Act having a huge effect on landlords, many are turning to Rent Guarantee insurance for the added protection they feel they will soon need.
Insurance for non-payment of rent
Rent is paid in full for 24 months or up to vacant possession, whichever is first (up to £100,000 in aggregate with professional costs). Rents over £3,500 per month require a chat with our team.
Continued cover when vacant possession is obtained
We provide cover for 75% of the rent for up to three months after vacant possession. This cover ceases once the property is re-let.
Expert support when you need it most
In England and Wales, our experienced in-house Claims team and on-site legal support manage the eviction of tenants. Across Scotland and Northern Ireland, we use a panel of solicitors.
Cover for professional & claim costs included as standard
Up to £100,000 (in aggregate with rent payments) to cover eviction costs if the tenant is in breach of their tenancy agreement.
Total rent covered
Rent Guarantee covers the total monthly rent, no matter how many tenants are on the Tenancy Agreement - upper limits do apply.
Benefits of Rent Guarantee Insurance
If your tenants stop paying their rent, here is what our Rent Guarantee Insurance for landlords will cover*:
- Missed rental payments for up to 24 months
- Continued cover when vacant possession is obtained for up to three months at 75%
- Up to £100,000 cover for professional services & claim costs
- Expert support when you need it most
*This is an overview of the cover we provide. Full terms and conditions can be found in the policy wording and policy summary.
Do I need Rent Guarantee Insurance?
Rent Guarantee Insurance isn't legally required, but with the changes introduced by the Renters' Rights Act, it's becoming an increasingly valuable safety net for landlords.