Our rent guarantee insurance includes landlord legal expenses cover. This comprehensive policy provides peace of mind for landlords when renting out properties, it covers rent protection in the event of a tenant defaulting and any legal expenses you may face for issues such as eviction.
Options to cover up to £25,000, £50,000 or £75,000 rental income
75% of your rent amount paid for up to 60 days after you have regained possession of your property
Up to 12 months’ cover
Full landlord legal expenses up to £50,000 (including eviction costs)
Landlord Legal expense helpline 24/7
All tenant types considered
Looking for landlord building insurance
Save an additional £35 from your rent guarantee insurance policy when you purchase a landlord policy from us.
The S-Tech Difference
We appreciate the time and effort it takes to find the right tenant(s) and the need to protect rental income for the property. However, sometimes, circumstances out of a tenant’s control, such as redundancy, may result in a rent default. It is at this point that a rent protection insurance such as landlord rent guarantee insurance can make all the difference. Because we understand this, we have created a policy that caters to a variety of events.
Rent Guarantee Insurance in detail
Rent Guarantee Insurance is an important insurance policy for many landlords who want rental income protection. Landlord insurance rent guarantee and legal expenses is a perfect combination for any professional landlord and provides cover if your residential tenant defaults or fails to pay the rent.
Other benefits are:
Rental income cover
Rental income cover
Choice of cover for up to £25,000, £50,000 or £75,000 worth of rental income (maximum monthly rent £2,500, £5,000 or £7,500 respectively for up to 12 months)
Legal expenses cover
Cover for up to £100,000 legal expenses for eviction (including the issue of the relevant section notices), property legal disputes, repair & renovation disputes, health & safety investigations and tax investigations.
Helpline
Access to legal advice helpline 24/7
Guidance
Access to online health and safety documents
Vacant Possession cover
After possession has been obtained, 75% of your rental income is paid for up to two calendar months or until the property has been re-let, whichever happens sooner.
For this insurance to be valid, your tenant(s) must have passed the relevant referencing process in advance. This includes proof of earnings and affordability, proof of ID and a credit check indicating no CCJs in the last three years.
It is not possible to take this policy out once a tenant has defaulted.
If a tenant already occupies the property and you want to take out the policy after the tenancy has started, there will be a 90-day exclusion period before a claim can be submitted.
Costs
Rent Guarantee and legal expenses cost
How much does rent guarantee insurance cost?
Thanks to our close insurer relationships, we can provide rent guarantee and legal expenses insurance at a competitive price. Plus, if you take it out when buying a landlord insurance policy with us, we can give you an exclusive discount.
Monthly rental income
Insurance cost when bought with landlord insurance from Alan Boswell Group
Insurance cost per property per year
Up to £2,500
£70 for 12 months
£105 for 12 months
Up to £5,000
£150 for 12 months
£150 for 12 months
Up to £7,500
£170 for 12 months
£170 for 12 months
Or purchase stand-alone rent guarantee insurance with legal expenses, follow the link below.
Yes, but the guarantor will still have to go through the same referencing process.
Two forms of ID are required and one must be photographic.
Yes, dependent on what part of the policy you are claiming on there are excesses as follows:
£250 legal expenses
£0 excess for eviction if due to unpaid rent
£500 or one month’s rent (whichever is higher) for rental income cover
Yes, the insurance is based on the property. As long as the new tenant has been referenced and there is a tenancy agreement in place then the insurance will be valid.
There is no legal requirement for the product, although it is highly advisable if you have no other means of covering costs of the property.
You can cover up to 25 tenants for a student let/HMO (House Multiple Occupancy) although the pricing will differ from a single tenancy.
No, the policy is designed to pay rent while the tenant resides at the property (but is unable to pay rent). If they leave, there will be no cover for future rent due.
You can take out a policy, but any claim for their arrears/eviction will be excluded.
Credit insurance is a valuable cover to consider for your business. It provides cover to protect from customers who owe money for products or services, customers who don’t pay debts or those who pay later than agreed payment terms.
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