Rent Guarantee Insurance for Landlords – Landlords Must Have It

If you wish to make a claim on the policy, you can do so by completing a claim form along with all supporting documentation, within 31 days of the event. The supporting documents that would be required would be:

• A copy of the referencing report
• A copy of the tenancy agreement
• Proof of default i.e. bank statements

If at any point of time, you wish to cancel the policy, you can do so within 14 days of receipt of the insurance documentation. You can also receive a full refund of the premium providing that no claims have been notified to the Insurer.

The difference between an instant reference and a comprehensive reference is that instant reference covers the basics, such as CCJs and identity checks, whereas the comprehensive reference also includes tenants' employment record and previous landlord / letting agent details. If you are a landlord and are planning to give your property on rent, you can make use of rent guarantee insurance for landlords. Landlords’ Buildings Insurance also covers the risks your buildings are exposed to.

Rent guarantee service will ensure you get the best insurance policy. There are innumerable rent insurance policies that you can choose from. You can also choose from the buy to let property insurance that can provide you with.

There are certain do’s and don’ts that you need to follow. If you keep up with the same guidelines, you can also ensure that your building is in a good state of repair. You can keep a detailed record of the dates in which you have visited and inspected your property.

Immediately notify the Police following loss or damage by theft, attempted theft, malicious damage, violent disorder, riots or civil commotion or the disappearance of valuable items. If you are a landlord, you must also ensure that you don’t ' leave the building unoccupied for 30 days or more.