Landlord Rent Guarantee Insurance – Beneficial For Landlords

Landlord rent guarantee insurance is a type of insurance that keeps you protected against any kind of eventuality such as default on making a payment. You can get hold of landlord rent guarantee policy that can provide you with all the required details regarding rent guarantee insurance. This kind of insurance protects landlords whose tenants default on payments of rent. It also provides cover for costs and proceedings to evict the tenant from the rented property where applicable.

It is the best way to keep yourself protected against voids and non-payment of rent, including legal expenses and the cost of evicting tenants. Our rent guarantee 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

Rent guarantee insurance provides instant protection if your tenant fails to pay the rent. 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.

Landlords legal expenses and rent guarantee Insurance

The cover automatically 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). We also take all the cost and hassle out of the eviction process, if necessary. The rent guarantee insurance is available with 6 or 12 month cover options. However, you must ensure a written tenancy agreement is in place. The first months rent and a deposit equivalent to one month’s rent must be taken in full at the start of the tenancy. You could also seek help from rent Management Service for landlords and rent Protection Insurance Quote. This can help you make a sound decision and take the most suitable rent guarantee insurance.