A policy for landlords that covers lost rental income if a tenant stops paying rent. It acts as a safety net, ensuring you still receive payments to cover your mortgage and expenses while navigating the legal eviction process.
The costs involved in pursuing or defending your legal rights as a landlord, can be substantial.
This policy not only provides comprehensive cover for a wide range of scenarios, it can also fund legal costs up to £100,000 per claim and this includes the other party’s legal costs if you lose.
You can also make as many claims as required up to the aggregate maximum legal costs of £500,000.
If you have a claim, you will have year round access to legal advice and a team of specialist solicitors and advisors are on hand to work on your behalf to resolve the claim in your favour.
Options to cover monthly rent for 12 months up to the value of:
• £1,000 PER MONTH for £189.00
• £2,000 PER MONTH for £220.00
• £3,000 PER MONTH for £243.00
Your tenant, who passed all required credit checks, has failed to pay rent due under the tenancy agreement. This Rent Guarantee* cover directly pays you for the loss of rent which has occurred, while the Tenant
Eviction cover appoints a solicitor to begin legal proceedings to evict the tenant from the insured property.
*subject to 1 months’ rent as an excess.