As we know circumstances and situations can change, sometimes quickly and without warning. Your tenant may move into the property, in a secure financial position however, this could unexpectedly change. We encourage landlords to consider Rent Protection Insurance which can help to protect you ensuring the rent is paid, and you have assistance with legal expenses for eviction and also rent recovery.
As a landlord, Rent Guarantee Insurance can be a valuable in minimising your risk, particularly if your rental property forms an important part of your income or financial planning.
Some of the key benefits
Protection Against Rent Arrears
The primary benefit is that the insurer pays the rent if your tenant stops paying.
Legal Expenses Cover
Most policies include legal expenses for:
Serving notices
Possession proceedings
Court representation
Bailiff costs
Reduced Financial Stress
Arrears and evictions can be lengthy. Having an insurer handling the legal process often provides, professional guidance, legal support and less administrative burden on you.
Often Cheaper Than One Arrears Claim
The policy cost is often significantly less than a single serious arrears case where rent is lost, legal and court fees are incurred.
*The above is subject to terms and conditions.
For more information about Rent Guarantee insurance contact your local lettings office.
