Home Let Rent Guarantee Insurance – Landlords Can Benefit From It
If you are a landlord and have let out your property on rent, you must get rent guarantee insurance. This kind of insurance provides complete protection against any kind of defaults. Rent Guarantee provides cover for costs and proceedings to evict the tenant from the rented property where applicable. If you are a landlord, you can buy rented home insurance from us. This will ensure you don’t face a problem in future when it comes to default payments on rents.
Rent guarantee provides protection against landlords who are contemplating to rent out the property. You can get protected against voids and non-payment of rent, including legal expenses and the cost of evicting tenants too. You can get Rent Guarantee insurance from less than £10 a month! The rent protection insurance for landlord includes:
- Instant protection if your tenant fails to pay the rent
- Cover up to £2,500 a month in rent
- 6 or 12 month cover option
- Payment within 14 days of default, minus excess
- Expenses for legal action and tenant eviction
Taking the Risk out of Property Rental
Moreover, rent guarantee insurance covers up to £2,500 a month in rent as standard. The policy premium is a one-off payment per tenancy agreement, not based on the amount of rental income you receive. The cover automatically also includes legal cover for the cost of taking action against the tenant for unpaid rent, up to £50,000 in legal costs and rent only (not counterclaims). You can also find details about Landlords legal expenses and rent Guarantee insurance.
Home let Rent Guarantee Referencing You can also get insurance for a short period of time.