Home Personal Landlord Insurance Rent Guarantee Insurance

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.

Covers up to £25,000 rental income
Up to 12 months’ cover
Full landlord legal expenses up to £100,000
Landlord Legal expense helpline 24/7
Cover for HMOs and student lets

Speak directly to our team

01223 324233

Purchase Rent Guarantee Insurance

Send an enquiry

Make an enquiry

Name
Prefix
Name*
First Last
Company Name
if applicable
Postcode
Address

Street Address Address Line 2 City County / State / Region ZIP / Postal Code Country
Phone*
Email*
Your enquiry

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 Cover for up to £25,000 worth of rental income (maximum monthly rent of £2,500)
Legal expenses cover Cover for up £100,000 legal expenses for eviction, possession of property, tax investigation and property disputes
Helpline Access to legal advice helpline 24/7
Guidance Access to online health and safety documents

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 this policy midway through their tenancy, there will be a 90-day exclusion period before a claim can be submitted.

For more detail, you can download our Keyfacts and policy wording documents below.

Keyfacts

Policy wording

Costs

Rent Guarantee and legal expenses cost

Landlord Rent Guarantee and legal expenses insurance is available from £60 per property when purchased in conjunction with your landlord insurance if arranged via Alan Boswell Group.

Alternatively, the cover can be purchased as standalone cover from £75 per property.

You can purchase Landlord insurance with rent guarantee, follow the link below.

Landlord insurance with rent guarantee

Or purchase stand-alone rent guarantee insurance with legal expenses, follow the link below.

Rent guarantee with legal expenses

Standalone Landlord legal expenses

You are also able to purchase a standalone cover for landlord legal expenses insurance, the cover is available for £30 if purchased in conjunction with an Alan Boswell Group landlord insurance policy.

Alternatively, landlord legal expenses insurance can be purchased for £50 on a standalone basis.

FAQs

My tenant has failed the referencing, can they use a guarantor?

Yes, but the guarantor will still have to go through the same referencing process.
What forms of ID are valid for a reference?

Two forms of ID are required and one must be photographic.
Does my rent guarantee insurance policy have any excess?
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
Will my rent guarantee insurance policy still cover, if I change my tenant?

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.
Do I need rent guarantee insurance?

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.
How many tenants can my rent guarantee insurance policy cover?

You can cover up to 25 tenants for a student let/HMO (House Multiple Occupancy) although the pricing will differ from a single tenancy.
Can I claim rent if the tenant has left the property and stopped paying me rent?

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.
Can I take out a rent guarantee insurance policy if my tenants are already in arrears?

You can take out a policy, but any claim for their arrears/eviction will be excluded.