Rent guarantee insurance for landlords is for the protection of your rental income. It covers any rent arrears owed under the tenancy agreement by the tenant of your property. An example of this happening could be that your tenant may lose their job and be unable to pay the rent you are due.
This rent guarantee insurance policy offered provides cover up to the monthly rent shown on the tenancy agreement up to a maximum of £2,500 per month. The maximum rent payable per claim is £10,000 or six month’s rent, whichever is the lesser amount. The excess on the policy is equal to one month’s rent and the amount is dispute must exceed £250 including VAT to be able to make a claim. Claims must be reported with 45 days of the insured event occurring. Any claim made within the first 90 days of the rent guarantee insurance is excluded if the tenancy agreement commenced before the date the insurance policy was incepted. A satisfactory tenant reference must be obtained and proof of this will be required if a claim is made.
There are additional terms and conditions to this policy which can be found in the insurers current policy booklet. There may also be updates or amendments to what is written here so we request that you read the policy booklet before any policy is taken out.
To get a quote then click the Get Quote on this page. Please note that this is an internet only policy so can only be purchased here on our website but if you have any queries then please contact us.