10:30 AM, 28th July 2017, About 5 years ago
You can now buy top level Rent Guarantee Insurance through Property 118, offering high level cover with no excess at all. Click Here
Rent Guarantee Insurance protects landlords from tenants defaulting on rent payments. It takes over and pays the rent when the tenant fails to do so.
To qualify for Rent Guarantee Insurance, you need to make sure your tenants have passed a reputable credit check. Then, once they fail to pay, you need to start eviction proceedings at the earliest opportunity. The Rent Guarantee Insurance will then pay the rent for up to 12-months and £75,000 in total.
The Rent Guarantee Insurance can be bought at any time of a tenancy and applied to a property. You need one Rent Guarantee Insurance per property/tenancy.
The cost is £125 for the year. Every purchase will result in a donation to Property 118’s Landlords Union, in turn helping to improve conditions for landlords in the UK.
The Rent Guarantee Insurance is arranged through The Home insurer, Property 118’s trusted insurance partner. The Home Insurer’s Jason McClean said: “This is top drawer Rent Guarantee Insurance with zero excess, underwritten by one of the biggest and most respected insurers in the business. At £125, it costs less than what you will find elsewhere with similar benefits. It is the ideal product for prudent landlords wishing to protect themselves against financial loss.”
To find out more or to buy Rent Guarantee Insurance, visit: www.thehomeinsurer.co.uk/property118/
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