In an ideal world, tenants always pay rent on time and landlords receive rental income with minimum fuss. Every now and then, however, problems can arise and tenants are unable to keep up with monthly rental payments.
Rent Guarantee Insurance protects landlords against rental payment defaults from tenants. Our policy will allow you to always be able to rely on your rental income to pay your mortgage and other legal expenses as a landlord.
Rent Guarantee Insurance is available to all landlords whose applicants have passed tenant referencing. It includes cover if your tenants default on rent, along with cover for legal costs and a legal advice helpline to guide you along the way. Cover lasts for 12 months and also includes legal expenses.
Renters are also advised to get contents insurance, especially if they have furnished the property themselves.