Here we explain more about our Rent Guarantee Insurance and why it has been created. The main reason it was created was to protect landlords against both rent arrears and rent default.
The current economic climate has forced many landlords to put their default rates up and with the unemployment crisis displaying no vast improvement many tenants are struggling with the increased cost of living. This means that any Landlord who lets a property, runs the danger of rent default by the tenant. No matter how responsible the tenant no one can predict the future and it may not be long before the tenant who once had great job security is falling behind on his rent. Our Rent Guarantee Insurance will cover landlords against their tenant defaulting or failing to pay the rent.
Therefore not only is our Rent Guarantee policy cost effective, but it is also very simple, protecting you against all rent defaults. This policy will provide real feelings of serenity, and the full cost is tax deductible against rental income – so let us help you save money today!
Key Features and Benefits of Rent Guarantee Insurance:
- Rent Arrears covered up to £50,000 per incident
- Legal Expenses covered up to £50,000 per incident
- No Excess to Pay
- Unlimited Period of Rent Arrears paid
- 6 or 12 Month options
- All tenant types accepted
- Cover is provided by DAS Legal Expenses Insurance Company Limited